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 Net Income/After-Tax Profit required to meet the owners desired rate of return. Round to the nearest dollar.

I need problem-solving steps

New Equipment Value	$177402
Loan Amount	$205314
Interest Rate %	11%
Investment by Owners	$313446
Desired Rate of Return	9%
Income Tax Rate %	29%
Insurance Expense	$130120
Fixed Wages	$188929
Depreciation Rate %	4%
Food Cost %	12%
Variable Wage %	13%
Other Variable Expenses %	19%
Maximum # of Tour Guests per Tour	15
Average Occupancy % of Tours	89%
# of Tours per month	25