Conducting Risk Management' analysis:

Given the recent economic downturn, Midtown Soup Kitchen would like to provide meals in a new location. The initial study shows that the fixed costs, including the rent, equipment, and personnel costs, are $50,000 per month. The facility can serve one thousand meals per day thirty days a month, and there is more demand than the kitchen can supply. The variable cost is the food cost, which is approximately $2.00 per meal, and the city is willing to support the project. You are preparing a budget application to the city. How much support will you need from the city to make this project break even financially?