SportsReps, Inc., represents professional athletes and movie and television stars. The agency had revenue of $12,300,000 last year, with total variable costs of $6,150,000 and xed costs of $2,050,000. Required: 1. what is the contribution margin ratio for SportsReps based on last year's data? Round your answer to two decimal places. (Express as a decimalbased amount rather than a whole percent.) :i what is the break-even point in sales revenue? *i:i ' 2. what was the margin of safety for Sports-Reps last year? 3. One of SportsReps's agents proposed that die rm begin cultivating high school sports stars around the nation. This proposal is expected to increase revenue by $220,000 per year, Iwith increased xed costs of $108,500. Is this proposal a good idea? VI