Break Even in sales Revenue, Margin of Safety Sports Reps, Inc., represents professional athletes and movie and television stars. The pancy had revenue of $13,400,000 last year, with total variable costs of $6.200,000 and fixed costs of $2.150,000 Required: 1. What is the contribution maroin 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-Repsast 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 5250,000 per year with Increased fixed costs of 123,300. Is this proposal a good idea Yes