Joan has three booth rental options at the bridal fair where she plans to sell her new product. The booth rental options are: Option 1 2 3 Variable Cost $0 5% of fair revenue 20% of fair revenue Fixed Cost $4,000 $3,000 $0 The product sells for $150 per unit. She is able to purchase the units for $50 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? (5 marks)