For Franklin, Inc., sales is $1,500,000, fixed expenses are $450,000, and the contribution margin ratio is 36%. What is net income? 1) $90,000 2) $162.000 3) $378.000 4) $540.000​

soo this can be solve by using the formula:

f = p( 1 + i)^ n

where f is the future profit

p is the initial profit

i is the percent increase

n is the number of years

a . f = 30000 ( 1.05)^n

b. f = 30000 ( 1.05)^15

f = $62,368

d will be the best answer

it should be described as a proper fraction.

i may be incorrect but i believe that her first error was in step one when she multiplyed her equation by 1/4 when she should have divided it by 1/4