3. The city of Sacramento has agreed to fund a portion of a new venue to keep the Kings in town. The city is considering implementing either a food and beverage tax in the stadium district area or a sin tax applied to all tobacco sales in the city. Both plans would last 3 years. The city plans a 1.25% tax increase for food and beverage and estimates $925M/year in taxable sales. Alternatively, the city plans a 1.15% tax increase on tobacco sales and estimates $995M/year in taxable sales. a) Calculate the tax revenue for stadium construction generated under each option b) Which option generates more tax revenue for the Kings? MacBook Air 80 17