Bryan Bessner has invested $1,400,000 in a restaurant. All $1.4 million should be considered his investment. He would like to see a 10% after-tax return on his investment this year. Bryan faces a personal tax rate of 35%. There are many costs involved in running a restaurant. Estimates indicate that variable costs will use up 76% of the revenue earned by the restaurant. Fixed costs would be: Salaries... Insurance.. License.. Utilities. $450,000 35,000 25,000 120,000 Also, depreciation on the restaurant building itself would be 10% of the building's $900,000 current book value. Part of Bryan's investment (included in the $1,400,000 mentioned above) in the restaurant came through a bank loan of $150,000, on which he will be paying 6% interest this year. REQUIRED: a. Please calculate the total amount of revenue that this restaurant will need to earn this year, in order to meet all costs and allow for Bryan's expected after-tax return. (18 marks) Click Save