Straddle Break-Even Points

Problem

You buy a straddle on a stock:

• Long 1 call at strike $100, costing $4.00
• Long 1 put at strike $100, costing $2.50

How far does the stock price need to move from the strike (in either direction) for you to break even at expiration?

Enter the break-even distance as a decimal rounded to 4 decimal places.