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Jonathan's utility of income is represented by: U(1) = (211) where I represents annual income. He is considering a job that has a 0.2 chance of earning $29190 and a 0.8 chance of earning $65290 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 PLACE AND NO SEPARATOR FOR THOUSANDS.)