An owner invested $180,000 in a new family-style restaurant, of which $140.000 was immediately used to purchase equipment and $40,000 was retained for working cash. Estimates for the first year of business are as follows:

• Menu selling prices to be established to give a markup of 175% over cost of food sold
• Variable wages, 23% of sales revenue
• Other variable costs, 7% of sales revenue
• Fixed wages, S51,600
• Rent, $36,000
• Insurance, $4,800
• Depreciation on equipment, 20% ← THIS IS A 5 YEAR FACTOR
• AFTER TAX Return on investment desired, 10%. the Income tax rate is 25%

The restaurant has 75 seats and is open 5 days a week for lunch and dinner only.

Lunch revenue will 40% of total volume with 1.75 seat turnovers.

Dinner revenue will be 60% of total volume, with 1.25 turnovers.

Calculate the average check per meal period that will cover all costs, including desired return on investment.