Firms in Japan often employ both high operating and financial leverage because of the use of modern technology and close borrowerlender relationships. Assume the Mitaka Company has a sales volume of 138,000 units at a price of $28 per unit; variable costs are $6 per unit, and fixed costs are $1,930,000. Interest expense is $413,000.

What is the degree of combined leverage for this Japanese firm? (Round your answer to 2 decimal places.)

Degree of combined leverage =