What would the target utilization rate be if Great Consulting Company acquired Not-So Great Consulting Company given the following information?

 

Not-So Great Consulting Company’s Consultant and Rate Structure
Consultant Name	Role	Rate/Hour
Pam Smith	Application Consultant	$110
Eric Smith	Development Consultant	$115
Bill Smith	Application Consultant	$110
Gerry Smith	Development Consultant	$100
Betsy Smith	Development Consultant	$166
Travis Smith	Application Consultant	$128
Andrea Anderson	Application Consultant	$120

• Additional Expenses of  $7,000,000
• ROI Expectation of the new investors at Great Consulting Company remain at 20%
• Average discounts remain at 5%

The number of available annual billable hours remains at 2080 hours