Horison View (Pty.) Ltd. (Horison View) is an entity which operates a sea cruise line. Cruise trips are supplied to the general public at the Cape Town harbour. The following cruises are on offer: Standard cruises A standard cruise ticket amounts to R900 per person. This gives admission to a 1.5- hour cruise. The standard cruises are offered at 8:30am, 11:00am, 14:00pm and 16:00pm. Horison View admits 55 passengers during each standard cruise and standard cruises are usually sold-out. Variable costs per ticket amounts to R470. Operational costs include the R28 000 per month salary of the ships captain. Luxury cruises A luxury cruise ticket amounts to R2 800 per person. This includes a 2.5-hour trip during which passengers are spoilt in luxury and with beautiful views. 3 Luxury cruises per day are provided by Horison View one which departs at 9:30am, another at 14:00pm and the last at 18:30pm. During each trip a maximum of 40 passengers can be taken, however, the ticket sales usually amount to a 90% capacity for each trip. The following is a breakdown of the applicable costs: Direct materials Direct labour Variable overheads Per Luxury cruise (R) 50 400 18 200 1 500 For luxury cruises the ships captain salary is decreased to R25 600 per month. Additional information: Direct labour hours are utilised as the allocation basis for overheads. Horison Views employees work during the full duration of a trip as well as 30 minutes after each trip in order to reinstate supplies and get the ship ready for the next group of passengers. Horison View purchased the ship two completed financial years ago with an instalment agreement. The ship had a purchase price of R1 900 000 which Horison View fully financed with the instalment agreement. According to the terms, an interest rate of 12.8% compounded annually are applicable and instalments must be paid annually at the end of each period over a period of 5 years. According to Horison Views property, plant and equipment policy, the ship is depreciated over 6 years on the straight-line basis. The ship is estimated to have a scrap value of R28 500 at the end of its useful life. Horison View is operational for 6 days during a week, 48 weeks per financial year. Assume 4 weeks per month. Assume that no tickets will be sold of the other cruise type on offer during each of the cruises calculations i.e., Horison will either provide Standard cruises only, or Luxury cruises only, during a financial year. 2.2. Separately for Standard cruises and Luxury cruises, calculate the maximum number of tickets which can be sold annually,