Ivanhoe Jewelry is considering two mutually exclusive product lines, based on either an emerald ring or a ruby bracelet, to introduce next year. The board of directors of the company has established a target net income of $25000 for the new product line but wishes to maximize profit in any case. For the emerald ring line, Ivanhoe expects to sell 200 rings during the year at a selling price per ring of $1440. Estimated variable costs are $770 per ring, and fixed costs will amount to $90000 for the year. For the ruby bracelet line, the company anticipates sales of 500 units at a selling price of $1055 per bracelet. Fixed costs will come to $110000 for the year, and the variable costs will also be $770 each. Ivanhoe Jewelry will have a tax rate of 30% next year. How much more or less will Ivanhoe have to spend in fixed costs on the proposed bracelet line in order for it to have the same net income as the ring product line? O Ivanhoe will need to spend $13200 more in fixed costs on the bracelet line. O Ivanhoe will need to spend $9750 more in fixed costs on the bracelet line. O Ivanhoe will need to reduce fixed costs on the bracelet line by $11500. O Ivanhoe will need to reduce fixed costs on the bracelet line by $9750. 11