Trevor will invest $1,000 in a risky asset that will pay him 30% if he wins and take 30% from him if he loses. He has a 50% chance of winning and a 50% chance of losing. Please determine how his investment decision would change with the following changes below (please calculate his expected return with each change): a. He now has a tax rate of 40% on all gains and allows a deduction for all loses. b. He now has a tax rate of 40% on all gains and can only deduct 20% of his loses. c. He now has a tax rate of 40% on all gains up to $50 and a 60% tax on any additional gains. He can deduct all loses.