Albatross Airline's fixed operating costs are $$5\mathrm{.}1$ million, and its variable cost ratio is $0\mathrm{.}25.$ The firm has $$2\mathrm{.}8$ million in bonds outstanding with a coupon

interest rate of $7$ percent. Albatross has $30,000$ shares of preferred stock outstanding, which pays a $$3\mathrm{.}45$ annual dividend. There are $130,000$ shares of

common stock outstanding. Revenues for the firm are $$10$ million, and the firm is in the $40$ percent corporate income tax bracket. Compute the following for

the firm. Round your answers to three decimal places.

a$.$ Degree of operating leverage:

b$.$ Degree of financial leverage:

c$.$ Degree of combined leverage:

Interpret this value. Enter your answer for dollar value in whole dollar. For example, an answer of $$1\mathrm{.}20$ million should be entered as $1,200,000,$ not $1\mathrm{.}20.$

From a base

level of $

$,$ each one percent increase in

results in a

percent

in