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You just inherited a million dollars from your grandfather. You always had a talent for cooking and have long dreamed of opening an expensive gourmet

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You just inherited a million dollars from your grandfather. You always had a talent for cooking and have long dreamed of opening an expensive gourmet restaurant You are happy living near your school campus and would like to open a four-star restaurant across the street from school Of course, the restaurant would have certain fixed costs. For example: management salaries, utilities, interest, license foes, and property taxes The only variable costs would be the food, beverages and preparation costs. The foxed costs are estimated at $230,000 per year while the average variable cost per meal is estimated at $10.00. These meals would be sold for an average of 515 00 each What is the break-even point in sales dollars? Select one O a $690,000 O b. 5585.000 Oc5545,000 Od 5695 000 SRP

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