Table 1 Ann Arbor Railroad - Proj COST TYPE Head office-related (in Detroit station) Roadbed, track, and signaling equipment-related Station-related Train-related Table 2 Ann Arbor Railroad Projected Business for March 20X0 1. What is the total projected cost for March 20X0 ? (10 points) 2. What is the projected profitability per passenger (revenues minus costs) for the highspeed and slow-speed services for March 20X0? (For this question, assume that common fixed costs are allocated equally (i.e., 50% each) between high-speed and slow-speed services). (20 points) 3. Assume that you are the manager in charge of the high-speed service. On March 20th, MBA students from the Detroit area who are taking an Entrepreneurial Management elective course approach you with the following offer. The students want to reserve 20 seats for a round trip from Detroit to Chicago on March 21 st to conduct a market research study for their final project. Specifically, the MBA students have arranged for undergraduates to participate in the study, which is aimed at identifying factors that make train travel more attractive to customers. The MBA students are on a limited budget and propose to pay Ann Arbor Railroad $1,000 for the round trip for the 20 seats. Tickets sales for March 21st have been low, and, as of today, there are still over 100 seats available. Would you accept the students' offer? (20 points) 4. Using the information from table 2, what is the number of tickets that Ann Arbor Railroad must sell to breakeven in each service line? ( 25 points) 5. Using the information from table 2, what is the volume of sales that Ann Arbor Railroad must generate to breakeven overall? ( 25 points)