The condensed income statement of the Nazareth Inn (NI) is as follows: Revenue Variable costs Fixed costs Department income Rooms $5,000,000 $1,000,000 $500,000 $3,500,000 Food 3,000,000 1,000,000 1,000,000 1,000,000 Other 500,000 200,000 100,000 200,000 Total department income 4,700,000 Other variable expenses* 500,000 Other fixed costs** 2,000,000 Pretax income 2,200,000 Income taxes 600,000 Net income $1,600,000 *Rent (10% of room sales) ** Includes depreciation and amortization of $500,000 Required: 1. Compute the contribution margin ratio (CMR) for the rooms department. 2. Compute the NI's weighted average CMR. 3. Compute the NI's breakeven point. 4. If the NI wants to make $1,500,000, what must its room sales equal