Indiana Tool Company's (ITC) fixed operating costs are $1,260,000 and its variable cost ratio is 0.70. The firm has $3,000,000 in bonds outstanding at an interest rate of 8 percent. ITC has 30,000 shares of $5 preferred stock and 150,000 shares of common stock outstanding. ITC is in the 50% corporate income tax bracket. What is the firm's DCL at a sales level of $9 million?

Group of answer choices

3.33

3.00

4.33

2.00

1.72