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The actual expenditure for the construction of a local highway was 110% of the budgeted amount. If the actual expenditure was $1,400,000, calculate the budgeted

The actual expenditure for the construction of a local highway was 110% of the budgeted amount. If the actual expenditure was $1,400,000, calculate the budgeted amount.

What was the budgeted amount?

Round to the nearest cent

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