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Collegiate Canvas Co. currently makes and sells two models of a backpack. Data applicable to the current operation are summarized in the following columns labeled

Collegiate Canvas Co. currently makes and sells two models of a backpack. Data applicable to the current operation are summarized in the following columns labeled Current Operation. Management is considering adding a Value model to its current Luxury and Economy models.

Calculate the company's total operating income under the proposed expansion. Please show your work.

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