Assume that capital markets do not exist. Ryan has $$89,000$ today $(t=0)$ and will receive $$109,000$ in exactly one year $(t=1).$ The graph below illustrates point $Y$ : having $$89,000$ now and receiving $$109,000$ next year. Here, if no capital or financial market exists, then Ryan must consume $$89,000$ now and $$109,000$ next year. Next consider this case when borrowing and lending at $r=10\%$ are available in the financial markets; Ryan now has a real investment opportunity, or business project. If Ryan decides to accept this opportunity, it will cost $$29,500$ now $(t=0)$ and will offer a risk$-$free payoff of $$44,000$ next year. Now, revisit the point $Y$ where Ryan has $$89,000$ now and will receive $$109,000$ next year, but this time the real asset project exists. Assume that he still wants to consume $$89,000$ now $(t=0),$ and answer the following.

a$.$ How much more can Ryan consume next year?

Ryan can consume

$$14500$