Charleston Carriage Company offers guided horse-drawn carriage rides through historic Charleston, South Carolina. The carriage business is highly regulated by the city. The fare for all passengers is $19.50. Charleston Carriage has the following monthly operating costs:

Fee paid to the city of Charleston	17% of ticket revenue
Cost of souvenir set of postcards given to each passenger	$0.40 per set
Monthly cost of leasing and boarding the horses	$50,000
Carriage drivers (tour guides) are paid on a per-passenger basis	$2.90 per passenger
Monthly payroll costs of non tour guide employees	$8,000
Marketing, web-site, telephone, and other monthly fixed costs	$8,000

In addition to these costs, Charleston Carriage pays a brokerage fee of $1.10 per ticket sold by brokers. On average, 60% of tickets are issued through these brokers; 40% are sold directly by Charleston Carriage. Charleston Carriage has several questions about its monthly revenues, costs, and profits in 2017.

Hint: use $12.22 for the estimated contribution margin per passenger and $66,000 for the estimated monthly fixed costs

1. Charleston Carriage has an opportunity to negotiate with the company that leases the horses and boards them. If Charleston Carriage expects to sell 6,401 tickets per month in 2017, what's the most it could pay to lease and board the horses if it wants to break even each month (ignoring taxes)? (Hint: since you are solving for the total lease that Charleston would be willing to pay, your equation should not include the $50,000 lease amount given in the problem)

(Previous chegg answers gave the incorrect values of $20220 and $12220)