Director of a medical school wants you to help him calculate the break-even number of students for his 7-quarter-long program. Here is the data:

dire

Total tuition per student = $25,000

Variable cost per student = $3,000

Administrative overhead = $1,000,000

Faculty cost = $220,000 per quarter.

1) What is Qbe ? (If necessary, round your answer up to the next whole

number)

2) The faculty want a 10% raise. If the Director wants the to stay the same, and him can only change V, what must the new value for V be to give the faculty the raise?