7-Eleven operates a number of convenience stores worldwide. Assume that an analysis of operating costs, customer sales, and customer patronage reveals the following:

Fixed costs per store $60,000/year

Variable cost ratio 0.80

Average sale per customer visit $14.00

Average customer visits per week 1.50

Customers as portion of city population 0.05

Determine the city population required for a single 7-Eleven to earn an annual profit of $40,000. Round annual contribution per customer to two decimal places. For customers required for desired profit and required population, round up to the nearest whole number (i.e., 325.333 customers = 326)

A) Annual contribution per customer:

B) Customers required for desired profit:

C) Required population: