1. The following information is taken from the Tonia Boutique Hotel regarding dress next year. The resort has 300 rooms, and expeds to run ange ocupandis for next year, assure they open 365 day year. The resorts owners. BA (Armand Austin) has invested $105 million for an expansion of conferts facities and to after tax returrat 1755 on their investment. The hotel operates in the textured The following expenses are expected for next year Wages and salaries are $25 million Administrative expenses are $10 million Marketing expenses are $1,980,000, Equipmentand supplies is $19 million The resort has two loans, the first is for $3.5 milion at an interesante 125, and the second is a $2,950,000 loan at an interest rates. Other operating expenses are expected to be 25% of total expenses. The income from telephone is expeded to be $950,000. The resort carries three types of rooms, single, double and sites. Of the rooms occupied 30% are expected to be single, and 20% are expected to be suites. The owners have asked the manager Mr. Emi Quinones to ensure that there is a 35% difference between single and double and a $70 difference between double and suites a. Calculate the average room rate for Tomie Boutique Hotel at next year? b. What price should they sell single, double and suites to coveral penses for next year