Suppose a firm's profits increase 90 percent after sales change from $3.65 million to $4.1 million. What is the firm's degree of operating leverage (DOL)? Round your answer to two decimal places. Number Red Corporation stock currently sells for $65 per share. There are 6 million shares currently outstanding. The company announces plans to raise $5 million by offering shares to the public at a price of $65 per share. If the underwriting spread is 6%, how many shares will the company need to issue in order to be left with net proceeds of $5 million? Enter your answer as a whole number not in millions. (For example, 1,000,000 not 1 million.) Shares = Number Section Attempt 1 of 1 Verify