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Canedo Inc. reported the following results from last year's operations Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $4,000,000 $9,600,000

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Canedo Inc. reported the following results from last year's operations Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $4,000,000 $9,600,000 7,170,000 2,430,000 1,470,000 $ 960,000 At the beginning of this year, the company has a $700,000 investment opportunity with the following characteristics: $2,310,000 Sales Contribution margin ratio Fixed expenses 60% of sales $1,201,200 If the company pursues the investment opportunity and otherwise performs the same as last year, the combined turnover for the entire company will be closest to

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