Late Return of a Rental Item Welcome! You are encouraged to register with the site and login (for free). When you register, you support the site and your question history is saved.Fees for the late return of a rental item are equal to the normal hourly rate on the day the item is due, charged for each hour after the deadline between the hours of 9:00 am and 5:00 pm, and three times the normal hourly rate for each hour between the hours of 9:00 am and 5:00 pm on each subsequent day. For such an item that was overdue, what were the late return fees last week? (1) The regular hourly rental rate is $12.(2) The item was 54 hours late. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient. EACH statement ALONE is sufficient. Statements (1) and (2) TOGETHER are NOT sufficient. Review Answer