Answer the question based on the following information. The Pullman Hotel has 300 rooms. The average transient rate in April is $145. The variable room cost is $15 (per room). The Pullman Hotel is also paying a royalty fee of 4% and a marketing fee of 3% of room revenue. The business student alumni association at WSU plans a reunion. The group requests single rooms for $70 per room night, meals (breakfast $10, lunch $24, dinner $32), and other services for a 3-day event from April 10 to April 12. The following is the group's request: Rooms Breakfast April 10 85 85 10 April 11 80 80 75 75 240 240 Date April 12 Total April 10 255 Meal Breakfast Lunch Dinner The forecasted occupancy of the hotel for the days in question is as follows: Meal Breakfast Lunch Dinner $12 Price $28 O $220.96 $40 April 11 265 $10 This means that the hotel will have to displace some of the forecasted transient demand. Price $24 The hotel's capture rate (% of transient guests purchasing a meal) and other relevant data per meal period for transient guests in April are as follows: $32 Food cost O None of the above O $1,836.75 O $2200.96 O $1,874.16 $3.60 $9.52 $12.80 Food cost $3.60 210 $9.52 $12.80 Lunch 0 0 April 12 70% 50 20% 50 40% The group meals have the same food costs per item as the transients but are sold at discounted price: Transient capture % Dinner 85 0 0 85 Meeting room $400 What is the food profit difference between group & transient guests? $400 $800 Beverage costs and prices are the same for group guests and transients. The average beverage price is $6.00 and the average beverage cost is 29%. The organizer believes that 70% of the group members will purchase one beverage per day. The beverage capture rate of transient guests is 40%