Craycraft Inc. reported the following results from last year's operations:

Sales	$12,600,000
Variable expenses	9,380,000
Contribution margin	3,220,000
Fixed expenses	2,716,000
Net operating income	$504,000
Average operating assets	$7,000,000

At the beginning of this year, the company has a $800,000 investment opportunity with the following characteristics:

Sales	$560,000
Contribution margin ratio	50%	of sales
Fixed expenses	$246,400

Required:

1. What was last year's margin? (Round to the nearest 0.1%.)

2. What was last year's turnover? (Round to the nearest 0.01.)

3. What was last year's return on investment (ROI)? (Round to the nearest 0.1%.)

4. If the company pursues the investment opportunity and otherwise performs the same as last year, what will be the overall margin this year? (Round to the nearest 0.1%.)

* * * Please organize your answer with schedule * * *

* * * Please organize your answer with schedule * * *

* * * Please organize your answer with schedule * * *