The Sunset Delight is a new 75-seat, lunch and dinner only, restaurant that will operate 5 days a week. The owners invested €375,000 in all the equipment and held €25,000 as initial working capital. The tax rate is 30%.

Their estimates for the first year of operation are as follows:

· Depreciation on equipment 15%

· Fixed salary elements €95,200

· Insurance €2,400

· Menu selling prices 170% over cost of food sold

· Other variable costs 5.5% of total revenue

· Rent €30,000

· Expected after-tax net profit 14%

· Variable salary elements 26% of total revenue

· Lunch revenue 35% of total revenue

· Lunch seat turnover 1.8

· Dinner revenue 65% of total revenue

· Dinner seat turnover 1.5 Calculate the average food service cheque per meal period that will cover all costs taking into account the expected after-tax net profit.