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The company incurs costs of $23.64 million regardless of the output level. It sells 7.07 million units of its product at the price of $8.33,
The company incurs costs of $23.64 million regardless of the output level. It sells 7.07 million units of its product at the price of $8.33, and its variable costs per unit are $2.3. The company has $59 million of debt with an annual interest rate of 4.73%. What is the degree of financial leverage at the current level of sales?
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