Gina buys a calculator at Best Buy for $160. There is a 10% chance the calculator will suffer damages that cannot be repaired. This is an expected loss of $16. Francis, the salesman at Best Buy, offers to sell Gina a warranty to protect her from these expected losses. Gina is risk averse. How much can Francis get Gina to pay for this warranty?

A.

more than $176

B.

more than $160

C.

more than $144

D.

less than $16

E.

more than $16