The local hardware store is considering a promotion in which it would sell preselected tools for $4 each. The manager are thinking that young adults will come into the store and equip themselves with the basics, allowing the store service oriented staff to teach them how to use each toll. However the company's profit 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 $2.04 and its tax rate is 30% Will the promotion be approved under the current conditions