1) Craycraft Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $12,600,000 9,380,000 3,220,000 2,716,000 $504,000 $7,000,000 At the beginning of this year, the company has an $800,000 investment opportunity with the following predicted as financial results from the added opportunity alone : Sales $560,000 Contribution margin ratio 50% of sales Fixed expenses $246,400 Required: 1. What was last year's margin? (Round to the nearest 0.1%.) 2. What was last year's turnover? (Round to the nearest 0.01.) 3. What was last year's return on investment (ROI)? (Round to the nearest 0.1%.) 4. If the company pursues the investment opportunity and otherwise performs the same as last year, what will be the overall margin this year? (Round to the nearest 0.1%.) *****Hint: To calculate new margin, you must add the estimated financial results from the opportunity to the original results of the previous year's operations, and first determine the new Net Operating income. ***** 5. If the company pursues the investment opportunity and otherwise performs the same as last year, what will be the overall turnover this year? (Round to the nearest 0.01.) 6. If the company pursues the investment opportunity and otherwise performs the same as last year, what will be the overall ROI will this year? (Round to the nearest 0.1%.)