1. The University of Nebraska Board of Regents recently approved the sale of alcohol at certain athletic events (source:https://nebraskanewsservice.net/news/nu-regents-amend-policies-that-could-open-door-to-more-alcohol-at-athletic-events/).The University is considering a two-year "pilot investment". The cost of this investment is an up-front investment of $20,000,000, which includes obtaining a two-year alcohol license and equipping the Pinnacle Bank Arena with equipment to distribute beer. Assume that all first-year alcohol sales will occur at the endof the first year and that all second-year sales occur at the end of the second year, and that the relevant discount rate is 5% per year.
   1. If the marginal cost of each sale is constant at $2.00, and the price is $10, how many annual sales must be made for the University to break-even? Assume equal sales in each year.
   2. If the University can sell 2,000,000 units per year, what is the break-even price?