ah Filzah is a 50 years old executive of intemal audit for Sime Darby Plantation who just lost her husband accident two weeks ago. Her husband leaves her and their two teenage daughters a house, aluxury car and from his takaful plan that provides a death benefit amounted to RM200,000. After paying for hospital funeral expenses, RM150,000 of the proceeds remains. In addition to that, Hannah has a savings of 0,000 in her personal savings account and a retirement account amounting to RM250,000. the loss of her partner, Hannah is now considering several important decisions of her life. She realized that as another 10 years before retirement while her daughters, who are currently 15 and 12 years old, are now iority. Besides takaful, she has never considered any investment for future protection. She now feels that eeds to prepare a clear contingency plan for her daughter in case anything happens to her. In any case, a good ment plan is also required given her daughters are several years away from college life. carefully consulting some of her friends and relatives, she estimated that she will need an income of RM 0 per year for her daughters' education and herself. Considering her family medical background and her at health, she is convinced that she will make it until 70 but not past 75 , Hannah believes she needs a good ment plan for 15 years after her retirement. ah prepares four strategies for the investment: gy 1: - To sell her husband's luxury car and use the proceeds to acquire a more economically friendly family car. She estimates the value of her husband's luxury car is RM200,000. A replacement car could be purchased in cash for RM160,000. The remaining will be used to invest in a start-up business for a honeybee-based company owned by her cousin. Despite a rough start due to the pandemic, Hannah is convinced that her cousin's business would be a success given the fact that her cousin has experience in managing several businesses before. gy 2: - Hannah is also convinced the return from her saving account is too small and intends to withdraw all her money from the account. She is tempted to use all her withdrawal money to invest in a Regcoin, a newly established digital coin that had an amazing rally for the past two months. Since its inception eight months ago, the digital coin price has increased by more than 80%. Hannah is also convinced because some of her friends are also investing in Redcoin, gy 3: - From the proceeds that she received from her husband's takaful protection, Hannah aims to create a balanced portfolio consisting of income and growth stocks. Realizing that she is inexperienced and has no knowledge of investment, Hannah plans to hire an expert from a financial analyst and consulting firm to advise her on a suitable portfolio and its allocation. gy 4 : - To withdraw 20% from her current retirement fund (about RM50,000) and invest in an educational fund provided by the government to prepare for her kids' future college expenses. She reckons the return by both funds are quite similar but believes having a fund set on behalf of her daughter 's' names will smooth the process in any case of her untimely death. a. Evaluate each of the four strategies identified above in terms of their risk and return characteristics