QUESTION 1 Caribbean Heritage Tours sells cultural package tours to Bahamas at a price of $30,000 per person. The variable costs per person are as follows Annual fixed costs are $1,500,000 Required: Consider each situation independently. e) Caribbean Heritage Tours is considering leasing its own bus. As a result. Fixed costs would increase by $150,000, but ground transportation costs would be reduced by 25%. If the bus is purchased, what would be the new break-even revenue? (7 marks) f) Caribbean Heritage Tours expects to sell 250 tours this year, what would be the net income? ( 6 marks) g) If 250 tours are sold, calculate the margin of safety as a percentage of revenue (4 marks)