XYZ Corporation reported sales of Php 9.9M in 2020. Fred Mantilla, Operations Manager, shared that its contribution margin is 70% of Sales. Total fixed costs of the company totaled Php 4.95M. The company also paid interest to its outstanding loan balance of Php 3.3M. Interest rate is 7.5% per annum. Compute for the operating leverage, financial leverage, and combined leverage of the company.

a) Operating Leverage = -1.50, Financial Leverage = 1.14, Combined Leverage = -1.71

b) Operating Leverage 3.50, Financial Leverage = -1.50, Combined Leverage = -5.25

c) Operating Leverage = 3.50, Financial Leverage = 1.14, Combined Leverage = 4.0

d) Operating Leverage = -1.50, Financial Leverage = -1.50, Combined Leverage 2.25