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Bell s Domestic Auto Dealers ( BD ) has an Average Selling Price of $ 4 0 , 0 0 0 per unit, Unit Sales

Bells Domestic Auto Dealers (BD) has an Average Selling Price of $40,000 per unit, Unit Sales of 1,512 units, Interest Expense of $816,750, Variable Costs =60% of Sales, Fixed Costs of $9,900,000, Preferred Dividends of $815,000,4,500,000 Common Shares Outstanding, and a Marginal Tax Rate of 25%.1. What is BDs Degree of Financial Leverage? Enter your answer rounded to two decimal places. For example, if your answer is 12.345 then enter as 12.35 in the answer box.

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