Francine's Fabulous Fakes sells simulated diamond rings. Francine is considering holding a sales promotion to increase product sales. Francine wants to know how reducing the price of the rings by 50% will affect breakeven quantity. Here is the information that Francine provided regarding Fabulous Fakes. . Fixed Costs: $700.00 Variable Costs (per ring): $29.00 Current selling price (per ring): $150.00 Proposed Sales Promotion Price (per ring): $75.00 If Francine proceeds with the 50% off sales promotion, break even quantity will (Select answers from the choices below to complete the sentence.) increase to 10 rings decrease by 10 rings Increase to 16 rings