Al-Slam Tours & Travel Corp provides transportation Services between the City Center and suburbs. It uses 50-Passengers Buses to offer several round trips daily. The 2018, Feb month's activity in the form of a cost volume profit income statement is shown below: $94,500 $24,750 4,500 1,575 Fare Revenues (2,250 fares) Variable costs: Fuel Tolls Maintenance Contribution margin Fixed Costs: Salaries Depreciation Insurance Net Income 30,825 63,675 25,700 6,300 2,500 34,500 $29,175 Required: (1) Calculate the contribution margin per fare and as a ratio. (2) Calculate the break-even point in dollars and number of fares. (3) If management considering a decision of adopting a new fuel system that saves 20% percent of the current fuel consumption. However, to process the new fuel system, fixed cost will increase by $9000. Management is considering also a 10% percent reduction per fare which it believes that the number of fares will increase to 2320 fares. (Prepare a projected a CVP income statement assuming the mentioned changes). (4) Should Management adopt the new fuel system? Why