At a base sales level of $400,000, a firm has a degree of operating leverage of 2.5 and a degree of financial leverage of 1.5. The firm's degree of total leverage is ________.

2. A firm has current after-tax earnings of $1,000,000 and has declared a cash dividend of $450,000. The firm's dividend payout ratio is ________.

3. Tangshan Mining has 100,000 shares outstanding and just declared a 3-for-1 stock split. Before the announcement, the firm's shares were trading at $60.00 per share. After the stock split, the firm's shares should trade at ________ per share.