Brand managers know that increasing promotional budgets eventually result in diminishing returns. The first one million dollars typically results in a 26% increase in awareness, while the second million results in adding another 18% and the third million in a 5% increase. Andrewss product Axe currently has an awareness level of 80% . While an important product for Andrews, Axes promotion budget will be reduced to one million dollars for the upcoming year. Assuming that Axe loses one-third of its awareness each year, what will Axes awareness level be next year? Select: 1Save Answer 58% 53% 74% 79%