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Results for the month of April: Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 7% with no change in total variable costs. 2. Reduce variable costs to 65% of sales. 3. Reduce fixed costs byi $20,000. Instructions If maximizing net income is the objective, which is the best course of action? Be sure to show all calculations for each alternative to prove your choice