A company's contribution format income statement for last month is given below 8 Sales (48,000 units $27 per unit) Variable expenses Contribution margin Fixed expenses Net operating income $1.296.000 907,200 388,500 311,040 $ 77,760 The company considers renovating its operations by purchasing a new machine that would reduce variable expenses by $8.00 per unit Howevec fixed expenses would increase to a total of $699.840 each month. Using the new machine would not cause a change in monthly sales quantity or price per unit. What would the company's margin of safety in dollars be if it purchases and uses the new machine