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A firm has earnings per share of $3.00 at a sales level of $8 million. If the firm has a degree of operating leverage of

A firm has earnings per share of $3.00 at a sales level of $8 million. If the firm has a degree of operating leverage of 4.0 and a degree of financial leverage of 5.5 (both at a sales level of $8 million), forecast earnings per share for a 2 percent sales decline. Round your answer to the nearest cent.

$

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