Jan Marcus recently invested €350,000 in equipment to run a rented bistro.

The income tax rate is 30%. The projected variable expenses are as follows:

Cost of food 24% of revenue Salaries and wages 32% of revenue Other expenses 12% of revenue The projected annual fixed expenses are as follows:

· Depreciation € 35,000

· Insurance € 3,000

· Rent € 18,000

· Salaries and wages € 72,000

· Other € 34,000 Using this information, determine the following:

a the breakeven level of sales b the breakeven level of sales if Jan Marcus wants to earn 14% on €350,000