Chi Omega Sorority is planning its annual Riverboat Extravaganza. The Extravaganza committee has assembled the following expected costs for the event Favours and programme (per person)...$.3.00 . $1500.00 . $700 00 $4800.00 Floorshow and strolling entertainers1000.00 Band Tickets and advertising. quired 1. Compute the breakeven point for the Extravaganza (in terms of the number of persons that must attend) 2 Assume that only250 persons attended the Extravaganza last year. If the same number attends this year, what price per ticket must be charged to break even? 3 Refer to the original data ($30 ticket price per person). Prepare a Cost - Volume - Price (CVP) graph for the Extravaganza from a zero level of activity up to 600 tickets sold. Number of persons should be placed on the horizontal (X) axis, and dollars should be placed on the vertical (Y) axis Write two pros and two cons associated with the use of the Break even analysis as a planning tool (16 marks)