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A new restaurant is ready to open for business. It is estimated that the food cost (variable cost) will be 46.83% of sales, while fixed

A new restaurant is ready to open for business. It is estimated that the food cost (variable cost) will be 46.83% of sales, while fixed cost will be $450,000. The first years sales estimates are $1,251,562. Calculate the firms operating breakeven level of sales. Answer to 2 decimal places.

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