Crane Electrical Products serves both residential and commercial clients. Annual financial information for Crane is as follows: Commercial Residential Total Sales Revenues $712,000 $412,000 $1,124,000 Variable Costs 178,000 103,000 281,000 Contribution Margin $534,000 $309,000 843,000 Fixed Costs 232,500 Operating Profit $610,500 If variable costs for the residential business increase by 20%, what is the new contribution margin ratio percentage for Crane Electrical Products? (Round answer to 2 decimal places, e.g. 15.25%) New contribution margin ratio 96