The local hardware store is considering a promotion in which it would sell preselected tools for $6 each. The managers are hoping tha young adults will come into the store and equip themselves with "the basics," allowing the store's service-oriented staff to teach them how to use each tool. However, the company's profit goals require a contribution margin ratio of at least 60% before any new promotions are approved. The company's current variable cost per unit for these tools is $2.82, and its tax rate is 30%.