Casino Halifax will use budgets to make its financial plans. Let's assume that Casino Halifax prepares budgets for each of its hotel towers, including the new Privateer's Tower. Here is a list of budgeting assumptions ${?}^6$ for the Privateer's Tower for $2020$:

Data table for Privateer's Tower budget assumptions

Number of hotel rooms in the Privateer's

Tower.

$587$

Average occupancy rate for Casino Halifax Entertainment

$91\mathrm{.}2\%$

Corporation

Average hotel room rate per

night

$

$149$

Total budgeted fixed costs for the Privateer's

Tower.

$$2,390,000$

Variable cost per Privateer's Tower room

$

$27$

night

Requirements

How many Privateer's Tower hotel room nights should be budgeted to be booked in $2020?($Remember that $2020$ is a leap year and, therefore, has an extra calendar day or $366$ days.$)$

What would be the budgeted net revenue from the Privateer's Tower hotel rooms in $2020?$

What would be the budgeted variable costs for the Privateer's Tower hotel in $2020?$

Prepare a budget for $2020$ for the Privateer's Tower using the assumptions provided above and the numbers you have calculated. Does it appear that the Privateer's Tower will be generating a healthy amount of income for Casino Halifax? Explain.