Financial leverage Max Small has outstanding school loans that require a monthly payment of ​$1,100. He needs to buy a

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Financial leverage   Max Small has outstanding school loans that
require a monthly payment of ​$1,100. He needs to buy a new car for
work and estimates that this purchase will add
$349 per month to his existing monthly obligations. Max will
have $3,040 available after meeting all of his monthly
living​ (operating) expenses. This amount could vary by plus
or minus 10%.
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
$3,040 as a base and a 10% change.
b. Can Max afford the additional loan​ payment?
c. Should Max take on the additional loan​ payment?