You own a house worth $400,000 on a river. If the river floods moderately, the house will be completely destroyed. This happens about once every 56 only happens about once every 500 years. You are considering an insurance policy that offers full insurance and one that only pays 70% of the home value. Answer the following questions with What would be the annual premium to the nearest dollar for an insurance policy without a seawall ? What are your expected annual costs to the nearest dollar without a seawall ? What are your expected annual costs to the nearest dollar with a seawall? How much would you be willing to pay annually to the nearest dollar for the cost of building and maintaining a seawall