You are part of a group of owners who wish to invest money into a new tour business. Use the information below to calculate the required information asked of you for this question, using the Bottom-Up Pricing method.

*Note*

Only find the answer to the single question being asked of you in this question; do not complete all the Bottom-Up Pricing steps. Previous steps information is provided below to assist you.

Calculate the Gross Profit required to meet the owners desired rate of return. Round to the nearest dollar.

I need problem-solving steps

Pre-Tax Profit	$44254
Total Fixed Costs	$48067
Owners Desired Rate of Return	$39820
New Equipment Value	$149106
Loan Amount	$140961
Interest Rate %	10%
Food Cost %	10%
Variable Wage %	20%
Other Variable Expenses %	13%
Maximum # of Tour Guests per Tour	22
Average Occupancy % of Tours	70%
# of Tours per month	11