Projected financial results for the university's cafeteria for next year are shown. Answer each of the following independent questions.		Sales		$916,000
		Fixed cost	$540,000
		Total variable cost	226,790
		Total cost		766,790
		Net income		$149,210

(a) How much is the contribution margin and the contribution rate?

(b) How much does the business need to sell to break even?

(c) If the business was to spend$24,000to upgrade their processes, how much does the business need to sell to break even?

(d) If2% more meals were sold, what would be the resulting net income?