You have been asked to set a rate for an Ambulatory Surgical Center (ASC). Costs are budgeted to be $4,000,000 per year for projected surgical procedures of 7,000. The ASC expects that 50% of its procedures will be Medicare and that Medicare will pay $550 per procedure. The remainder will be charge payers at an expected discount of 29%. If a profit of $400,000 is required, what rate per procedure is required? If the ASC decides to only accept charge payers with no discount, how many surgical procedures would it need to break even annually? Need to understand how you got the answer.