The following is a list of selected information for Liverpool Co. for the fiscal year. Forecasted Operations Sales with 20.00% Increase Unit Change Sales in units (millions)15018030 Earnings before interest and taxes (EBIT)2,625.003,465.00840.00 Less: Interest(200.00)(200.00)(0.00) Earnings before taxes$2,425.00$3,265.00$840.00 Less: Taxes (40%)970.001,306.00(0.00) Net income1,455.001,959.00504.00 Earnings per share (20 million shares)$72.75$97.95$25.20 You are an employee for Liverpool Co., and your boss needs help assessing the level of risk associated with the firm’s current financial position. Begin by calculating the degree of financial leverage for the change between forecasted operations and the operational increase of 20.00%.