You are planning on going into business for yourself and you have decided on a location for a quick casual restaurant. The first step is to Lease Options 1) $2,762 Rent at the Beginning of the month A Franchise It's a Wrap B Panini Pleasure Initial Fee $23,593.40 $20,948.40 Annual Royalty % 6.29 7.40 Marketing Fee in % 5.15 6.61 2) 6% of Sales at the end of each month Variable Costs Fixed Costs Taxes 20.80 $15,601.14 15% 23.34 $13,852.13 15% 3) $1,381 Rent at the Beginning of the month and 3% of sales at the end of the year Sales Projections Year 1 $198,375 $176,686 2 $214,245 $213,790 3 $231,385 $258,686 4 $249,895 $287,141 5 $269,887 $318,727 You must either use EXCEL to do your calcualtions on the assignment or type all of your calcuations manually for full credit You must choose a franchise option and a lease option!