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Asset valuation and risk. Personal Finance Problem Laura Drake wishes to estimale the value of an assel expected to provide cash intlows of $3,100 for each of the next 4 years and $15,190 in 5 years. Her research indicates that she must earn 3\% on low-risk assots, 8% on average-isk assets, and 15% on high-risk assets. a. Determino what is the most Laura should pay for the asset i it is classifed as (1) low-risk, (2) avorage-risk, and (3) hight-risk: b. Suppose Laura is unable to assess the risk of the asset and wants to be cortain she's making a good deal. On the basis of your findings in part a, what is the most she should pay? Why? c. All else being the same, what effect does increasing risk have on the value of an assot? Explain in light of your findings in part a a. (1) The most Laura should pay for the asset if it is classified as low+risk is s? (Round to the nearest cent.)