HOPE is a local charity which decides to hold an outdoors fund-raising event in mid-summer. The secretary has a connection with an entertainments company which puts on musical laser light shows for the public. For charities, it charges a reduced rate of $375 allinclusive. The venue would be provided free of charge by the local farmer. A barbecue would be put on and the food and drink would be included in the ticket price. It is estimated that the food would cost $2 a head and the drink $1 a head. Also a special licence for the sale of alcohol would be needed at a cost of $25. Based on the experience of similar events, HOPE expects to sell 500 tickets at $5 each. However, the treasurer (who has a degree in business studies) is a little concerned about this plan and proposes an alternative. She suggests hiring a nationally known West Indian steel band at the special rate of $100 plus $50 transport costs. The ticket price would remain at $5 and food would be provided as before. However, no drink would be provided, the audience being invited to bring their own. The number of people attending is expected to be half that for the laser show. Required: Advice HOPE as to which event it should choose. (the laser show or the steel band) Support your answer by calculating the profitability of the two alternatives and also by making a breakeven and margin of safety calculation