A person has a utility function of U(W) = ln (W) and his current wealth is $500. He faces the possible losses of $120 and $450 this year and the distribution of his wealth after the possible losses is as follows.

Note: The inverse function of U(W) = ln (W) is W = e^u.

Loss ($)	Wealth ($)	Probability
0	500	0.65
120	380	0.23
450	50	0.12

6) How much is the risk premium?

Group of answer choices

A) $45.63

B) $53.29

C) $60.59

D) $68.57