Requirement $3.$ Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $$4,800,000.($Round contribution ratio to two decimal places.$)$ Is this rofit goal realistic? Give your reasoning.

Begin by showing the formula and then entering the amounts to calculate the required sales dollars to earn a profit of $$4,800,000.($Round the required sales in dollars to the nearest whole dollar. Round amounts in the formula to two decimal places, XX$.$XX$.$ Abbreviation used: $CM=$ contribution margin.$)$

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