7. Projected financial results of a universities cafeteria for meals that will be sold next year are shown below. Sales $946,000 Fixed Costs $588,000 Total Variable Costs $227,040 Total Cost $815,040 $130,960 Net Profit Answer each of the following independent questions. How much are the contribution margin and the contribution rate? a. How many meals does the cafeteria need to sell to break even? If the cafeteria was to spend $23,000 to upgrade its processors, how much does the cafeteria need to sell to break even? b. C. If 5 % more meals were sold, what would be the resulting net income? d