Solve for EV and EU using the info given, then illustrate graphically, then solve for the max amount she would pay for insurance. There is no more info, this is the entire problem.

5. (24 points total) Thandiwe Newton owns a Porsche 911 Convertible worth $200.000. The probability Newton's Porsche is destroyed in a car accident 4%. If her Porsche is totaled, it's worth $37,000. Newton's risk-averse utility function for the value of her Porsche is U = $. ..) (3 points) Calculate the expected value of Newton's Porsche given the probability of a car accident. Show your work. b) (3 points) Calculate the expected utility of Newton's Porsche given the probability of a car accident. Show your work. c) (8 points) Graphically illustrate this scenario, including the utility function, er- pected utility line, value of the Porsche with and without a car accident, expected value of Newton's Porsche given the probability of a car accident, and Newton's expected utility from her Porsche given the probability of a car accident. Illustrate utility on the vertical axis and money on the horizontal axis. d) (10 points) Find the maximum amount Newton would pay for car insurance. Show your work. 5. (24 points total) Thandiwe Newton owns a Porsche 911 Convertible worth $200.000. The probability Newton's Porsche is destroyed in a car accident 4%. If her Porsche is totaled, it's worth $37,000. Newton's risk-averse utility function for the value of her Porsche is U = $. ..) (3 points) Calculate the expected value of Newton's Porsche given the probability of a car accident. Show your work. b) (3 points) Calculate the expected utility of Newton's Porsche given the probability of a car accident. Show your work. c) (8 points) Graphically illustrate this scenario, including the utility function, er- pected utility line, value of the Porsche with and without a car accident, expected value of Newton's Porsche given the probability of a car accident, and Newton's expected utility from her Porsche given the probability of a car accident. Illustrate utility on the vertical axis and money on the horizontal axis. d) (10 points) Find the maximum amount Newton would pay for car insurance. Show your work