ting Started N Netflix Apple iCloud f Facebook Twitter W Wikipedia ( Yahoo News Popular Other Book r 11 Quiz (required) i Saved Help Save & Exit Submit Gauntlett Incorporated reported the following results from last year's operations: Sales $ 12, 900, 000 Variable expenses 9 , 580 , 000 Contribution margin 2, 420, 000 49:46 Fixed expenses 1, 460, 000 Net operating income $ 960, 000 Average operating assets $ 5,000, 000 At the beginning of this year, the company has a $1,300,000 investment opportunity with the following characteristics: Sales $ 4, 680 , 000 Contribution margin ratio 50% of sales Fixed expenses $ 2, 059, 200 If the company pursues the investment opportunity and otherwise performs the same as last year, the combined turnover for the entire company will be closest to