The Lids national chain of hat stores carry many styles of hats that are all sold at the same price. To encourage sales personnel to step up their sales efforts, the company pays a generous sales commission on each hat soid. Sales personnel also receive a small basic salary. The following table contains cost and revenue data for the Serenade store. These data are typical of the company's many outlets: Selling price S 33.00 Variable expenses Invoice cost S 9.00 Sales Commission 7.00 S 16.00 Contribution Margin S 17.00 Fixed Expenses (annually) Advertising S 80,000 Rent 150,000 Salaries 70,000 S 300,000 Part 2 hats sold 19,000 S 2.00 e Part 3 B Manager commission 5 Part 4 Increased fixed salaries Reduction in Commissions 3 S S 107,000 7.00 2 3 S 5 Part 5 Targeted After-tax profit - Income tax rate B 3 250,000 25% 5. Refer to the original data. Determine the total sales dollars the company would have to achieve to earn an after-tax profit of $250,000 given that their income tax rate is 25%? Also, at this level of sales, what would be the company's Margin of Safety and Margin of Safety %? Total Sales for target after-tax profit of $250,000 Margin of Safety Margin of Safety