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Gauntlett incorporated reported the following results from last year's operations 7 ook Sales $ 12,000,000 Variable expenses 9,580,000 Contribution margin 2,420,000 Fixed expenses 1,460,000 Net

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Gauntlett incorporated reported the following results from last year's operations 7 ook Sales $ 12,000,000 Variable expenses 9,580,000 Contribution margin 2,420,000 Fixed expenses 1,460,000 Net operating income $ 960,000 Average operating assets $ 5,000,000 At the beginning of this year the company has a $1,300,000 investment opportunity with the following characteristics: Sales $ 4,680,000 Contribution margin ratio 50% of sales Fixed expenses $ 2,059, 200 If the company pursues the investment opportunity and otherwise performs the same as last year, the combined turnover for the entire company will be closest to

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