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A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $495 for the event plus

A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $495 for the event plus $12.40 per guest for food. The university has budgeted $740 for administrative and marketing expenses. It plans to hire a band, which will cost another $330. Tickets are expected to sell for $35.80 per guest. Ignore taxes. What is the cash break-even point as measured in the number of tickets sold?

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