Harvey is the sole proprietor of a barbershop, has no employees, and operates in a leased building with a five-year renewing contract. Harvey is concerned that he could lose customers if his leased building is damaged due to a business interruption. Harvey's insurance producer has advised him to consider purchasing a Business Income Coverage Form Harvey's projected annual income is $50,000 and his probable maximum loss (ML) is $34,000. Assuming Harvey selects the lowest coinsurance percentage that provides him with adequate protection. Harvey needs to purchase business income insurance in the amount of $10,000. $35,000. $45.000. $50,000