o 150useat restaurant 0 $8,000,000 is needed to construct the restaurant; no additional investment is needed in working capital It The owners have 4,000,000 in cash and borrow the rest from the bank at 6% u The projected average seat turnover is 3 (use 320 days open in a year) c The stockholders require a 10% return on their investment annually I The restaurant pays income taxes at the rate of 30% I The restaurant's estimated undistributed expenses, not including income taxes, total $2,000,000 8 The forecasted cost of food sold is 28 percent of sales What are the food sales needed? 0 $3,904,762 0 $3,000,000 0 2,811,428.57 O $811,428.57