Homework: Chapter Five Homework Save Score: 0 of 1 pt 3 of 4 (1 complete) HW Score: 17.5%, 0.7 of 4 pts E5-38 (similar to) Question Help Many colleges and universities have been extensively advertising their services. For example, a university in Philadelphia used a biplane to pull a sign promoting its evening program, and one in Mississippi designed bumper stickers and slogans as well as innovative programs. Suppose Anderson College charges a comprehensive annual fee of $14,600 for tuition, room, and board, and it has capacity for 3,000 students. The admissions department predicts enrollment of 2,700 students for 20X1. Costs per student for the 20X1 academic year are as follows: E: (Click the icon to view the cost per student information.) The assistant director of admissions has proposed a 2-month advertising campaign using radio and television advertisements, together with an extensive direct mailing of brochures Read the requirements Requirement 1. Suppose the advertising campaign will cost $1.47 million. Determine the formula, then compute the minimum number of additional students the campaign must attract to make the campaign break even. (Enter amounts in dollars instead of in millions.) Min # of students to break-even Contribution margin per student Revenue per student Total advertising costs Total fixed costs per student Total variable cost per student