Financial leverage max small has outstanding school loans that require a monthly payment of ​$1 comma 030. he needs to buy a new car for work and estimates that this purchase will add $ 345 per month to his existing monthly obligations. max will have $ 3 comma 030 available after meeting all of his monthly living​ (operating) expenses. this amount could vary by plus or minus 11 %.
a. To assess the potential impact of the additional borrowing on his financial​ leverage, calculate the dfl in tabular form for both the current and proposed loan payments using​ max's available $ 3 comma 030 as a base and a 11 % change.
b. Can max afford the additional loan​ payment?
c. Should max take on the additional loan​ payment?