A company has 3 million shares outstanding at a market price of $10/share. They have 10,000 bonds outstanding, each with a par value of $1000. The current market price is $940. The annual coupon rate on the bonds is 5%. EBIT for the year is $4,600,000. You may treat the coupon payment as interest expense. What is the degree of financial leverage (DOFL)? [Express your final answer rounded to 3 decimal places (eg 3.456)]

DOFL =