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Due to increased mailing costs, the new rate will cost publishers $78,000,000; this is 13.4% more than they paid the previous year. How much

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Due to increased mailing costs, the new rate will cost publishers $78,000,000; this is 13.4% more than they paid the previous year. How much did it cost publishers last year? Note: Round your answer to the nearest hundred. For example, round 43,445,744 to 43,445,700 or round 43,445,766 to 43,445,800.

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