Flingen Inc. reveals the following information in its annual report for FY $2023$

Income Statement Items $$

Sales $$11,000,000$

Cost of goods sold $$7,300,000$

Pretax earnings $$1,100,000$

$$

Selected Balance Sheet Items $$

Merchandise inventory $$800,000$

Total assets $$2,500,000$

Management plans to cut cost of goods sold by $6\mathrm{.}5\%$ for the upcoming year while retaining the same sales. What will Flingen's profit leverage effect be for $2024?($Select the closest answer to your calculation of profit leverage$).$