A medium sized housing development company has acquired land suitable for the construction of 100 small residential dwellings. They allow a contract period of 24 months and will be selling the houses at R800 000 each. Assume a year has 290 working days. Both marginal and selling price remain the same over the 24 months. The marginal cost per house is R300000 and the fixed overhead costs associated with this development is R4 500000 per annum escalating by 10% per year. It is assumed that the tempo of construction remains linear from start to finish. Answer the following questions: 1. Using the full 24 month contract period in your analysis, after how many working days will the company start to break even? 2. After what percentage level of activity will the company break even