John Save plans to invest $5,000 in one of the following instruments: 1. Bonds of J Ltd., yielding 12% (21) 2. Canada Savings Bonds, yielding 8% (a2) On the basis of his knowledge of current economic conditions and the outlook for the industry of J Ltd., John assess the prior probability that J Ltd. will go bankrupt as 0.05. If this happens, John will lose both principal and interest and receive no money at the end of the year. If J Ltd. does not go bankrupt, John plans to sell the bonds, plus interest, at the end of one year. John assesses the probability that the Canada Savings Bonds will fail to pay off as zero. John also plans to sell these, plus interest, one year later. John is risk averse and decides to choose the investment that yields the highest expected utility. Assume that John's utility for an amount of $x is given byx, where x is the gross payoff (principal plus interest). On the basis of his prior probabilities, which investment would John chose? Enter John's utility for his preferred investment, rounded to two decimal places