Please help me with this question.

3 marks) 4 marks) 3' marks) #3. (14 marks) Debra lives for 2 periods 0 and 1. Her income is I0 = 240 and I1 = 420 and consumption is Co and C1 respectively. She can either borrow or save at r : 0.2 in period 0, which affects her consumption in period 1. Her utility function is U =161nCo + 241ml:1 . In your answers to the questions please keep all decimal poinrsfor accurate results. (a) Find her optimal consumption in both periods. Is she a saver or a borrower? (b) If governinent taxes interest income at the rate of 40% and interest payment is tax deductible, nd her optimal consumption in each period after taxation. Is she a saver or a borrower? What effect dominated in her saving? Briey explain. (c) If government taxes interest income at the rate of 40% but interest payment is not tax deductible, what would happen and why? Graph her optimal points om (a) and (b). Using results from (a) and (b) to explain your conclusion. Provide her optimal consumption in each period now