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Owner Shirl Le is considering franchising her Noodles by Le restaurant concept. She believes people will pay $11.00 for a large bowl of noodles. Variable costs are $5.50 per bowl. Le estimates monthly fixed costs for a franchise at $16,500. 1. Use the contribution margin ratio approach to find a franchise's breakeven sales in dollars. 2. Le believes most locations could generate $110,500 in monthly sales. Is franchising a good idea for Le if franchisees want a minimum monthly operating income of $33,000 ? Explain your answer. ((++))=Requiredsalesindollars% Requirement 2. Le believes most locations could generate $110,500 in monthly sales. Is franchising a good idea for Le if franchisees want a minimum monthly operating income of $33,000 ? Explain your answer. Begin by showing the formula and then entering the amounts to calculate the targeted sales dollars required earn the minimum monthly operating income of $33,000. (Abbreviation used: CM= contribution margin.)