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3. Bolufsen Resort has 40,000 rooms available each year. Operational figures for the years between 2000 and 2003 are shown in the following table: Occupancy Average Daily Room Revenue Years #of Rooms Sold Percent (Occ.%) Rate (ADR) ($) ($) 2000 26,400 66.00 80.00 2, 1 12,000 2001 26,000 65.00 82.00 2,132,000 2002 27,200 68.00 90.00 2,448,000 2003 26,800 67.00 88.00 2,358,400 Based on the operational data, budget the room revenue for Bolufsen Resort for 2004