The records of Marshall Company include the following:

Average total assets $4,450,000

Average total liabilities 2,170,000

Total revenue 4,130,000

Total expense (including income tax) 3,910,000

Interest expense (included in total expenses) 109,000

Income tax rate 35%

The financial leverage percentage is closest to: (Round intermediate computations of ratios to one decimal place)

A 0.1%

B 3.1%

C 0.1%

D 3.7%