nead help on this question thanks for your time(will give review)!

You have a car valued at $80,000. You fear that you have a 10% chance of a car accident this year and would estimate that the car would lose 80% of its value in such a case. Given that your personal net wealth, aside from the car, is $1,000,000 and that your utility function is given by the expression: 0.3 U(w) = w What is the maximum price you'd be willing to pay for Full insurance (that would completely restore the value of the vehicle in the event of an accident)? [Please give your answer in dollar terms to the penny, thus if you find the answer to be $45.2394235 please type 45.24)