15 State University is preparing its master budget for the upcoming academic year (an academic year consists oftwo semesters). Currently, 14,000 students are enrolled on campus; however, the admissions office is forecasting a 5% growth in the student body despite a tuition hike to $90 per credit hour. The following additional information has been gathered from an examination of university records and conversations with university officials: . State is planning to award 150 tuition-free scholarships. - The average class has 30 students, and the typical student takes 15 credit hours each semester, . Each class is three credit hours. - Each faculty member teaches five classes during the academic year. Required: A. Compute the budgeted tuition revenue for the upcoming academic year. 8. Determine the number of faculty members needed to cover classes. . Budgeted tuition revenue . Faculty members