25) Within the framework of "InnovateTech Enterprises, renowned for its pioncering software "TechGenius," your focus as the CFO is to evaluate the financial leverage, given the absence of common stocks. Key specifics relevant to the firm. Singular Product "TechGenius" - an inovative software solution Units Produced: 100.000 licenses of the solfware Variable Costs: 50% of the selting price of each licen Selting Price: Stoper soltware ticentse Fixed Costs: $200,000 coveriag infrastrueture, and $100,000 as operational expenses Financial Structure: $1 million bond with a 5% coupon rate Preferred Stock: 10,000 shares of preferred siock istacd, each w wh a face value of $100 and an antrint divident of 3 . Company Tax Rate: 21% Notably, "InnovateTech Enterprises" does not issue common stocks, relying instead on a capital structure featuring preferred stocks and bonds. These elements play pivotai roles in shaping the company's financial landscape. Your role as the CFO involves determining the degree of total leverage (DTL), In this unique financial framework, what precisely is the degree of total leverage (DTL)