jonathans utility of income is represented by

4 Jonathan's utility of income is represented by: M U(T) = (191) where I represents annual income. He is considering a job that has a 0.1 chance of earning $11820 and a 0.9 chance of earning $72960 a year. How much would Jonathan be willing to pay to insure against the risky income? Answer: $ (DO NOT ROUND YOUR CALCULATIONS UNTIL YOU REACH THE FINAL ANSWER. ENTER YOUR RESPONSE ROUNDED TO TWO DECIMAL PLACES AND NO SEPARATOR FOR THOUSANDS.)