Ryan Corporation is a charitable organization that supplies boxes of food free to families in need. Fixed costs are $1,000,000. Each box of food costs $80. The corporation has a budgeted appropriation of $2,400,000 for all costs. The Board of Directors of Ryan Corporation have decided that they wish to expand the charity's work to serve 20,000 families per year. The cost of each box of food will remain the same but there will be added fixed costs of $100,000 per year. Required: How much additional funding must the organization raise in total to serve the 20,000 families?
