Haworth Company is a management consulting firm. Last​ month, Haworth completed a consulting job for Client 76 and assigned total costs of $ 16,400 to the job.

Haworth Company is a management consulting firm. Last​ month, Haworth completed a consulting job for Client 76 and assigned total costs of $ 16,400 to the job. Haworth desires a 20​% target operating income after covering all costs. What would Haworth have to charge the customer to achieve that operating​ income? Round to two decimal places. Select the​ formula, then enter the amounts to compute the required service revenue to achieve the desired operating income.

1) (Desired operating income or total cost of job) / (operating income as a percentage of revenue or total cost as a percentage of revenue)

2) (Value) / (value) = (Required service revenue)

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