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The company incurs costs of $22.85 million regardless of the output level. It sells 7.90 million units of its product at the price of $9.36,

The company incurs costs of $22.85 million regardless of the output level. It sells 7.90 million units of its product at the price of $9.36, and its variable costs per unit are $3.00. The company has $49 million of debt with an annual interest rate of 5.72%. What is the degree of combined leverage at the current level of sales? Round to two decimals.

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