What is the level of sales needed to achieve a 10% return on an investment of $10,000,000 for a restaurant (the restaurant has main products it sells: food, beverage and gift shop items) and cover all costs?

Note the following information:

Food generates 70% of sales and the food cost percent is 30.

Beverages generate 25% of sales with a CMR of .82.

Gift store items account for the rest of the sales with a CMR of .8.

The fixed costs are $1,500,000 annually.

What is the level of sales needed?

Group of answer choices

$3,000,000

$3,378,378.38

$5,434,782.61

$5,000,000