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4 . The company incurs costs of $23.1 million regardless of the output level. It sells 5.49 million units of its product at the price
4 . The company incurs costs of $23.1 million regardless of the output level. It sells 5.49 million units of its product at the price of $9.54, and its variable costs per unit are $2.69. The company has $45 million of debt with an annual interest rate of 4.31%. What is the degree of operating leverage at the current level of sales? Round to two decimals.
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