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Herman Smith is the owner of the 200 seat Bayou Restaurant. He has provided you with the following information, and asked for the information

Herman Smith is the owner of the 200 seat Bayou Restaurant. He has provided you with the following information, and asked for the information below Monthly Fixed Costs $45,000 Variable Cost % Owners Equity Desired ROI Required: 62% $300,000 20% 1. What is the required monthly revenue to earn the desired profit (ROI)? Show your work.

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