7. You're the CFO of X-Co. and you analyzed the degree the company's costs are fixed. For 2021, you found variable costs were $1.960 billion and fixed costs were $840 million. What was its Operating Leverage? ** 8. You won the lottery and have settled on the annuity option that pays $900.000/year for 20 years. If you believe you can reliably earn 3%/year, what is its value to you now? 9. X-Co's 7% unsecured bond's price declined from 89.5 to 72.4. A) What are those prices in dollars? B) Did the market yield on X-Co's bond go up or down