Elegance Events specializes in organizing weddings. They anticipate 300 events annually. They have invested $2,500,000 in their facilities and aim for an ROI of 22%. The budgeted costs for the coming year are shown below:

Cost Item	Per Event ($)	Total ($)
Direct Materials (Decorations)	1,000	300,000
Direct Labor (Planners)	2,000	600,000
Variable Overhead	500	150,000
Fixed Overhead	-	500,000
Variable Selling & Admin Expenses	200	60,000
Fixed Selling & Admin Expenses	-	200,000

Required:

1. Calculate the total cost per event.
2. Determine the desired ROI per event.
3. Compute the target price per event.