As the chief investment officer for a money management firm specializing in taxable individual investors, you are trying to establish a strategic asset allocation for two different clients. You have established that Ms. A has a risk-tolerance factor of 8, while Mr. B has a risk-tolerance factor of 24. The characteristics for four model portfolios follow: ASSET MIX Portfolio Stock Bond ER 2 1 9 % 91 % 7 % 5 % 2 22 78 8 11 3 67 33 9 16 4 85 15 10 25 Calculate the expected utility of each prospective portfolio for each of the two clients. Do not round intermediate calculations. Round your answers to two decimal places. Portfolio Ms. A Mr. B 1 2 3 4 Which portfolio represents the optimal strategic allocation for Ms. A? Which portfolio is optimal for Mr. B? Portfolio -Select- represents the optimal strategic allocation for Ms. A. Portfolio -Select- is the optimal allocation for Mr. B. For Ms. A, what level of risk tolerance would leave her indifferent between having Portfolio 1 or Portfolio 2 as her strategic allocation? Round your answer to the nearest whole number.