12. Joan Perry has three booth rental options at the bridal fair where she plans to sell her new product. The booth rental options are: Option 1: $4,000 xed fee Option 2: $3,000 xed fee + 5% of all revenues generated at the fair Option 3: 20% of all revenues generated at the fair. The product sells for $150 per unit. She is able to purchase the units for $50.00 each. Which option should Joan choose in order to maximize income, assuming there is a 40% probability that 70 units will be sold and a 60% probability that 40 units will be sold? a. Option one with expected income of $1,200 b. Option two with expected income of $1,810 c. Option three with expected income of $3,640 d. Option three with expected income of $4,060