In a virtualized environment, a company is implementing storage policies to optimize performance and availability for its critical applications. The storage administrator is tasked with configuring a policy that ensures a minimum of 99.9% availability while also considering the performance requirements of the applications. The storage system supports three types of storage: Standard, High Performance, and Archive. The administrator decides to allocate resources based on the following criteria: Standard storage provides 100 IOPS (Input/Output Operations Per Second), High Performance storage provides 500 IOPS, and Archive storage provides 50 IOPS. If the applications require a total of 1,200 IOPS to function optimally, which combination of storage types should the administrator select to meet both the availability and performance requirements?