(Wherever needed, round up if you get a fractional value for the membership. For example, roundup 400.001 to 401; 400.5 to 401)

A group of developers is opening a health club near a housing development. The developers incur an annual fixed cost of $950400 for the building, equipment, utilities, and staff. The club spends $160 per member on the water, towels, laundry, and other services. Each enrolled member pays $160 per month for the membership.

a) How many members will the club need to break even? What is the breakeven in dollars?

After the first year, the company can triple the breakeven membership (breakeven members in the first year) andraise the membership fee from 160 to 170

b) What would be the profit in the second year?

c) If the developers need a profit of $1 million in the second year, how many members need to be enrolled?

d) If the developers spend for an advertisement campaign $264600 in the second year, how many members should the club enroll to break even?

e) To achieve breakeven at 500 members in the second year without ad expenses, what monthly price does each member pay?