Assignmt. 16 Chapter 16 Break-Even in Sales Revenue, Margin of Safety Sports-Reps, Inc., represents professional athletes and movie and television stars. The agency had revenue of $12,300,000 last year, with total variable costs of $6,150,000 and fixed costs of $2,050,000. Required: 1. What is the contribution margin ratio for Sports-Reps based on last year's data? Round your answer to two decimal places. (Express as a decimal- based amount rather than a whole percent.) What is the break-even point in sales revenue? $ 2. What was the margin of safety for Sports-Reps last year? 3. One of Sports-Reps's agents proposed that the firm begin cultivating high school sports stars around the nation. This proposal is expected to increase revenue by $250,000 per year, with increased fixed costs of $123,300. Is this proposal a good idea