A small business produces custom T-shirts. The initial setup cost for a design is $45.00, and the cost to produce each T-shirt is $7.25. The business has a production budget of $500 for a specific order. If $x$ represents the number of T-shirts produced, which statement best describes the maximum number of T-shirts that can be produced and the remaining budget, if any?
62 T-shirts can be produced, with $5.50 remaining.
62 T-shirts can be produced, with $7.25 remaining.
63 T-shirts can be produced, with $0.00 remaining.
63 T-shirts can be produced, but the budget will be exceeded.
