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Mathematics, 12.04.2021 05:30 j015

Time Remaining 1 hour 52 minutes 27 seconds01:52:27 Item 3
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Braymiller Incorporated has a $1,600,000 investment opportunity with the following characteristics:

Sales$ 4,000,000
Contribution margin ratio 30% of sales
Fixed expenses$ 1,040,000

The turnover for this investment opportunity is closest to:

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