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Oslo Company prepared the following contribution format income statement based on a sales volume of $1,000$ units $($the relevant range of production is $500$ units to $1,500$ units$)$:

Sales $ $85,000$

Variable expenses $59,500$

Contribution margin $25,500$

Fixed expenses $20,400$

Net operating income $ $5,100$

Required:

$15.$ Assume that the amounts of the company$$s total variable expenses and total fixed expenses were reversed. In other words, assume that the total variable expenses are $$20,400$ and the total fixed expenses are $$59,500.$ Using the degree of operating leverage, what is the estimated percent increase in net operating income of a $5\%$ increase in unit sales?

Note: Round your intermediate calculations and final answer to $2$ decimal places.