OceanGate sells external hard drives for $184 each. Its total fixed costs are $27 million, and its variable costs per unit are $120. The corporate tax rate is 40%. If the economy is strong, the firm will sell 8 million drives, but if there is a recession, it will sell only half as many.  a. What will be the percentage decline in sales if the economy enters a recession (round answer to 2 decimal places)? Percentage decline in sales ?%   b. What will be the percentage decline in profits if the economy enters a recession (round answer to 2 decimal places)? Percentage decline in profits ?% c. Calculate the operating leverage of this firm (round to 2 decimal places). DOL

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