Serie Incorporated reported the following results from last years operations:

Sales	$ 16,800,000
Variable expenses	10,640,000
Contribution margin	6,160,000
Fixed expenses	5,488,000
Net operating income	$ 672,000
Average operating assets	$ 7,000,000

At the beginning of this year, the company has a $2,100,000 investment opportunity with the following characteristics:

Sales	$ 2,520,000
Contribution margin ratio	50%	of sales
Fixed expenses	$ 1,108,800

If the company pursues the investment opportunity and otherwise performs the same as last year, the combined margin for the entire company will be closest to:

Multiple Choice

4.9%

4.3%

0.9%

3.5%