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The company incurs costs of $20.58 million regardless of the output level. It sells 5.46 million units of its product at the price of $9.9,
The company incurs costs of $20.58 million regardless of the output level. It sells 5.46 million units of its product at the price of $9.9, and its variable costs per unit are $2.42. The company has $55 million of debt with an annual interest rate of 4.55%. What is the degree of operating leverage at the current level of sales?
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