The local hardware store is considering a promotion in which it would sell preselected tools for $6 each. The managers are hoping that young adults will come into the store and equip themselves with "the basics," allowing the store's service-oriented staff to teach them how to use each tool. However, the company's profit goals require a contribution margin ratio of at least 60% before any new promotions are approved. The company's current variable cost per unit for these tools is $3.06, and its tax rate is 30%, (a) Your answer is correct. Will the promotion be approved under the current conditions? eTextbook and Media Solution Attempts: 2 of 2 used vviII tne promotion be approved under tne current conaitions: eTextbook and Media Solution Attempts: 2 of 2 use (b) What is the most this hardware store can pay per unit for these tools if it wants to move forward with this promotion? (Round answer to 2 decimal places, es. 15.25.) Variable cost per unit If a company has no fixed costs, will its contribution margin be the same as its operating income? Briefly explain. If a company has fixed costs, how could it quickly calculate its break-even point in units? Describe at least one other approach that could be used to calculate break-even point in units