Exercise The German Inn (a room-only property) costs its owners $3,000,000 of which they borrowed $1,500,000. The GM estimates the following costs: Variable costs per room sold: 20 percent of ADR Annual fixed costs: Salaries $200,000 Insurance $20,000 Depreciation $100,000 Interest $150,000 Other $80,000 In addition, the Inn's pretax income will be taxed at an average tax rate of 25 percent. a) What is the monthly breakeven level of sales at the German Inn? b) What amount of annual sales are required if the owners are to earn 20 percent of their investment in this property