The solubility product of chromium (III) iodate, Cr(IO3)3, is 5.00 × 10⁻⁶. Calculate the molar solubility, S, of this compound.

a) 7.07 × 10⁻² mol/L
b) 5.62 × 10⁻² mol/L
c) 3.33 × 10⁻² mol/L
d) 2.24 × 10⁻² mol/L