M&M Proposition 2: Suppose Revenues Fall by $300

M&M Proposition 2: Suppose revenues fall by $300. What is the percent change in net income with and without the debt? Assume that the total variable productions costs remain the same.

A) 64.5% and 60%
B) 60% and 64.5%
C) 59.2% and 40.8%
D) 40.8% and 59.2%