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A wire of length $340$ $mm$ is to be cut into two parts. One of the parts is to be made into a square and the other into a rectangle where sides are in the ratio of $1:2$. What is the length of the side of the square (in $mm$) such that the combined area of the square and the rectangle is a $\textbf{MINIMUM}$?

- $30$
- $40$
- $120$
- $180$