3. The Accounting Hotel has total annual revenue of $1,800,000, variable cost of $720,000 and fixed costs of $600,000. The fixed costs include $100,000 a year for land rent. a. Calculate hotel's break-even point. b. If the hotel's owners had an equity investment in the business of $2,000,000 what level of sales is needed to give them a 15 percent net income after tax) on their investment, assuming a tax rate of 20%