7) Bob is holding a fundraising banquet. He has two options for the banquet: OPTION one: a. Fixed rental cost of $1,000 b. $12 per person for food OPTION two: a. Fixed rental cost of $3,000 b. A caterer who charges $8.00 per person for food He has budgeted $1,800 for administrative and marketing expenses. He will hire a band which will cost another $800. Tickets will be $30 per person. Which option provides the greatest operating income if 600 people attend? 8) How many people would need to attend such that the costs for the two options are the same?