Based on the materials studied in the course, if a franchised hotel generates $2,000,000 per year in gross rooms revenue, what amount of franchise fees is this hotel likely to be required to pay its franchisor on this level of rooms revenue?

Select one:

a. $60,000 to $300,000

b. Over $500,000

c. $300,001 to $500,000

d. Less than $60,000