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Franklin Company makes a product that sells for $ 3 1 per unit. The company pays $ 2 4 per unit for the variable costs

Franklin Company makes a product that sells for $31 per unit. The company pays $24 per unit for the variable costs of the product and incurs annual fixed costs of $56,700. Franklin expects to sell 22,900 units of product.
Required
Determine Franklins margin of safety expressed as a percentage.
Note: Round your answer to 2 decimal places. (i.e.,0.2345 should be entered as 23.45)

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