Grand Garden is a luxury hotel with 160 suites. Its regular suite rate is $200 per night per suite. The hotel's cost per night is $125 p suite and consists of the following. Variable direct labor and materials cost Fixed cost [($5,870,000/160 suites) 365 days) Total cost per night per suite 101 125 ces The hotel manager received an offer to hold the local Bikers' Club annual meeting at the hotel in March, which is the hotel's low season with an occupancy rate of under 55%. The Bikers Club would reserve 45 suites for three nights of the hotel could offer a 55% discount, or a rate of $90 per night. The hotel manager is inclined to reject the offer because the cost per suite per night is $125. Required: Prepare an analysis of this offer for the hotel manager. Contribution margin analysis