You recently read an article about ransomware. It stated that ransomware attacks have increase 4x since the beginning of the pandemic. Your risk department estimates the probability of an attack at 12% (per year). Your security department has attempted to negate the impacts of an attack, by developing and implementing a strong ransomware remediation plan. Unfortunately, this plan is not foolproof. In fact, they estimate that if the company is attacked by ransomware there is a 25% chance that the company will lose files and access to the network. This would result in a loss of approximate $500,000 (per year). Given the above information what is the most that you should pay (annually) for a ransomware insurance plan? Why? (Show all calculations)