The manager of the generator Division of MLBB Co. expects the following results in 2021 (in millions): Sales Variable costs (60%) Contribution margin Fixed costs Profit P49.60 29.76 19.84 12.00 P7.84...

1. The peso sales that the division needs in order to reach the 30% ROI target is?

Extracted text: The manager of the generator Division of MLBB Co. expects the following results in 2021 (in millions): Sales Variable costs (60%) Contribution margin Fixed costs Profit P49.60 29.76 19.84 12.00 P7.84 Plant equipment Working capital Investment P19.51 14.88 P34.39 ROI (7.84/34.29) 22.80% The division has a target ROI of 30%. He states that the sales mix is relatively constant so variable costs and equipment should be close to 60% of sales, fixed cost and plant and equipment should remain constant, and working capital (cash, receivables and inventories) should vary closely with sales at a rate of 30%.