Please Answer the Following Question:

. Suppose that an individual has a wealth ef$9lltm and the utility of Unfit") = i w. "this individual has the option of investing all wealth in stock, $50 per share. Each share will be worth Still in a good state with probability 1,32 and $1M} in a bad state with probability 1 f2. Assume that the interest rate is zero. [a} Find the expected value and the expected utilityr of investing in the asset Does this individual prefer investing or not investing? Explain. [13] Find the general expression of absolute risk aversion for this investor and explain how the risk aversion depends on wealth