1. Imagine that BellDunn Resort Hotel has 40 rooms available to sell on daily basis with occupancy of 45.00%. The management has projected the hotel's total revenues as: room revenues of $510,500, F813 revenues of $62,200, catering revenues of $20,000, and other revenues of $40,000. It is also calculated that 32.00% of the total revenues is the total expenses for BellDunn. If the income tax is 40.00%, what is the projected after-tax average ADR for the next year based on the net income for BellDunn (assume that there are 365 days in a year)