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Could you please help me solve the below question: (5 Points) Bora's income in the current period is y=200, and income in the future period

Could you please help me solve the below question:

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(5 Points) Bora's income in the current period is y=200, and income in the future period is y'=250. He pays lump-sum taxes t=30 in the current period and t'=10 in the future period. The real interest rate is 5%, per period. Suppose that Bora will always choose current consumption, c and the future consumption, c' in a constant proportion: C = N a) Determine the optimal current-period and future-period consumption for Bora. (To have your mark in this question, you NEED to show your calculation and solution (with all the steps) in the midterm exam file posted under Assessment- Assignment) ( a) Approximately c=243.8 and c'=162.5 O b) Approximately c=230.5 and c'=360.8 c) Approximately c=300.8 and c'=200.5 O d) Approximately c=110.5 and c'=250.8 O e) None of the answers are correct

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