Degree of financial leverage

what is the final answer given in the buk???

i have solved it but isme equity sh cap . ki to zarurat hai nhi shayad..

There is no fixed expense bearing iteams in the capital structure. As no previous year information are provided in question, DOF leverage is 1.

Here EBIT= Rs.60,000/- as there is no interest EBT also Rs.60,000/-

DFL = % change in EPS/ % change in EBIT

                                    (or)

                               EBIT/ EBT

 For this formula  EBT means EBT only for equit shareholder i.e excluding the portion that belongs to prefrenceshareholder.

Portion of EBT for preference shareholder = preference dividend/ 1-tax rate

                                                                             = 10000/1-.5

                                                                              =Rs.20,000/- ( it is also called as grossing up)

So, EBT for equity shareholder = EBT - EBT for preference sharehlder

                                                        = Rs.60,000  -   Rs.20,000

                                                         = Rs.40000/-

So, DFL = EBIT/EBT

                = Rs.60,000/Rs.40,000

                 =1.5

i.e every 1% increase in EBIT leads to 1.5% increase in EPS