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McCanns Pizza forecasts sales of $563,583.00 for the upcoming year. The owner, McCann, keeps all of the net income as his salary for the year.

McCanns Pizza forecasts sales of $563,583.00 for the upcoming year. The owner, McCann, keeps all of the net income as his salary for the year. He wants to earn $124,062.00 in net income. What is the net profit margin required for him to earn his target salary? Answer Format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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