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The company incurs costs of $20.5 million regardless of the output level. It sells 7.51 million units of its product at the price of $9.91,

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The company incurs costs of $20.5 million regardless of the output level. It sells 7.51 million units of its product at the price of $9.91, and its variable costs per unit are $2.57. The companv has 551 million of debt with an annual interest rate of 4.95%. What is the degree of financial leverage at the current level of sales found to two decimals

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