The Great Tamale Alternative 2 - Restaurant Nathan and Cody notice there is stiff competition in the food cart and food truck industries and therefore are considering opening a traditional restaurant. Opening a restaurant would have many advantages and disadvantages, the company can expect fixed costs to increase by $125,000 a year to cover rent equipment, furniture, salaries and other costs. This alternative is exclusive of alternative 1 -so use the original financial information from page 1 (also shown below) to calculate the effects of openinga restaurant. $217,875.00 46,687.50 171,187.50 90,000.00 81,187.50 25,980.00 $55,207.50 Sales Variable costs Contribution margin Fixed costs Income before taxes Income taxes (32% rate) Net income Additional Information: This alternative would allow GT to increase their plate prices to $14.50 and would increase the variable cost per unit by $2.50. Assume plate sales remain at 31,125. 1.) Compute the company's new contribution margin under this alternative. Compute the contribution margin both in total dollars and per unit. 2.) Compute the company's contribution margin ratio under both scenarios. Note: Do not round the CMR for accurate calculations in the following questions). 3.) Compute the break-even point in sales dollars under each scenario. How many plates will need to be sold under each situation to break-even