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A firm has earnings per she of $2.60 at a sales level of $5 million. If the firm has a degree of operating leverage of

A firm has earnings per she of $2.60 at a sales level of $5 million. If the firm has a degree of operating leverage of 3.0 and a degree of financial leverage of 5.5 (both at a sales level of $5 million), forecast earnings per share for a 2% sales decline.

please explain in detail using formulas, as I am quite lost (and without doing it in excel)

Thank you for your help!

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