returning any unsold units for a full refund. Joke's Club has offered Chloe Rugs two payment alternatives for the use of space. (Click the icon to view the additional information.) Read the requirements. Requirement 1. Calculate the breakeven point in units for (a) Option 1 and (b) Option 2. Begin by determining the formula to calculate the breakeven point in units. More info - Option 1: A fixed payment of \\( \\$ 7,410 \\) for the sale period - Option 2: \10 of total revenues earned during the sale period Assume Chloe Rugs will incur no other costs. Requirements 1. Calculate the breakeven point in units for (a) option 1 and (b) option 2. 2. At what level of revenues will Chloe Rugs earn the same operating income under either option? a. For what range of unit sales will Chloe Rugs prefer Option 1? b. For what range of unit sales will Chloe Rugs prefer Option 2? 3. Calculate the degree of operating leverage at sales of 65 units for the two rental options. 4. Briefly explain and interpret your answer to requirement 3