Shane just bought a house worth $360,000 in an area that is known for floods. A flood occurs with a 5% chance and if it occurs, his home is reduced in value to $202,500. Shane has utility function given by U(X)= X. He would be willing to pay a maximum of for flood insurance. The fair insurance premium for flood insurance is Shane's risk premium is Suppose, instead, that Shane's utility function is given by U(X)=x2. Then, the maximum he would be willing to pay for flood insurance is