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The company incurs costs of $18.58 million regardless of the output level. It sells 7.10 million units of its product at the price of $8.01,

The company incurs costs of $18.58 million regardless of the output level. It sells 7.10 million units of its product at the price of $8.01, and its variable costs per unit are $2.86. The company has $46 million of debt with an annual interest rate of 5.56%. What is the degree of combined leverage at the current level of sales? Round to two decimals.

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