475,000 000 4) Suppose a Holiday Inn Hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel. Average daily room rents are each room rented. It operates 365 days per year. What percent of occupancy is needed to breakeven? $50 per room and average variable costs are $10 for A) 27.4% E) None of the above. B) 34.3% C) 3.65% D) 25%