A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $765 for the event plus $21.40 per guest for food. The university has budgeted $1,010 for administrative and marketing expenses. It plans to hire a band, which will cost another $600. Tickets are expected to sell for $44.80 per guest. Ignore taxes. What is the degree of operating leverage if 267 guests attend?