JH Productions, Ltd. Is promoting a rock concert in London. The bands will receive a flat fee of GBP 7.3 million. The concert will be shown worldwide on closed-circuit TV. JH will collect 100 % of the receipts and will return 20% to the individual local closed-circuit theatre managers. JH expects to sell 1.3 million seats at a net average price of GBP 15 each. JH will also receive GBP 270,000 from the London arena (which has sold out its 19,700 seats, ranging from GPB 175 for box seats to GBP 20 for general admission, for a gross revenue of GBP 1.2 million); JH will not share the GBP 270,000 with the local promoters. 2a) What is the break-even point in number of seats? In GBP sales? Explain. If 1.5 million seats were sold, what would be the company's net income?