Given the following information extracted from the income statement of Widget Company ( Widget Company has no depreciation or amortization expenses),

Extract from Widget Companys income statement
Sales:
Units sold		150,000
Price per unit		$15
Variable cost per unit		$8
Fixed factory operating costs		$450,000
Total gross profit margin			$600,000
Non-operating fixed costs			$200,000
Fixed interest costs			$100,000
Taxes			$75,000

The degree of total leverage of Widget Company is closest to:

2.80

3.50

3.25

4.00