You have the following projections about the costs in a fast food restaurant for the next year: Net income [AT] required is 18% on the equity investment of $240,00. The income tax rate is 28%. Depreciation on restaurant furnishings and equipment is 20% of the present book value of $112,000. Interest on the bank loan is 12% of the present balance owed of $50,000. Other costs are:

Insurance expense $4,500 Licenses expense $3,200 Utilities expense $12,600 Maintenance expense $1,200 Management salary expense $48,900 Cost of Sales (food and beverage expenses) 35% of total sales revenue Variable wage expenses 33% of total sales revenue Other variable expenses 8% of total sales revenue a) Calculate the sales revenue required to cover all the restaurant expenses next year: $___________ b) Calculate the restaurant's overall average check, given that the restaurant has 132 seats and that is is open six days a week for 52 weeks of the year, and that 2.2 seat turnovers per day are achieved. 

		Sales Revenue: $1,054,524 Overall Average Check: $11.64
		Sales Revenue: $661,667 Overall Average Check: $7.30
		Sales Revenue: $208,947 Overall Average Check: $2.31