Pelican Point Financial Grou p's clientele consists oftwo types of investors. The rst type of investor makes many transactions in a given year and has a net worth of over $2 million. These investors seek unlimited access to investment consultants and are willing to pay up to $35.00!) annually for nofeebased transactions. or alternatively. $40 per trade. The other type of investor also has a net B worth ofover $2 million but. makes few transactions each year and therefore is willing to pay $95 pertrade. As the manager of Pelican Point Financial Group, you are unable to determine whether any given individual is a high- or low-volume transaction investor. To deal with this issue, you design a self-selection mechanism that permits you to identify each type of investor. El You offertm types of plans for customers with more than $2 million in assets: one plan has an annual maintenance fee but offers a large number of rTree" transactions {call this the "Free Trade" Account}: the other plan has no annual maintenance fee but charges for 95\"\" each transaction [call this the "Free Service' Accounti. f. Determine the specics for each plan as listed below: 'Free Trade' Account: Annual maintena nce fee: $ 35,000 N umber of \"free\" transactions: |:| Price for each transaction in excess ofthe number of'free' transaction s:$ |:| 'Free Eervlce' Account: Price per transaction: 99