Question 7 (4 points) A not-for-profit Urgent Care facility hosts 10,000 visitors in a year. Revenues are $100 per visitor. Fixed operating expenses are $400,000. Variable operating expenses are 10% of revenues. Depreciation expense is $0. This not-for-profit business pays no taxes. What is expected net income? a. $0 b. $100,000 c. $200,000 O d. $300,000 e. $400,000 f. $500,000 g. $600,000 h. $800,000 i. $1,000,000 O j. $1,200,000