Portia Rizzo has waited a long time for her ship to come in, and she has concluded that it will arrive today with probability 1/4. If it does come, she will receive $1600. If it doesn't come in today, it never will and she will have zero wealth. Portia has a von Neumann-Morgernstern utility such that she wants to maximize the expected value of c 1/2 , where c is total wealth. What is the minimum price at which she would sell the rights to her ship?