It means that whether you are rich or poor, do not accept mediocrity
The correct answer would be the last option. In the sentence, "m" in my should be in capital case since it is the start of the sentence. Also, it is a rule that the starting letter of proper nouns should be capitalized as well and in the sentence "Coach Honeycutt" is a proper noun.
Answer:
I think it's "Howe is upset when he receives the letter" because the first one say how the judges thought his work was fine but it says in the inference that they didn't like it and the 2nd one doesn't really make sense to the inference.
