(Table: Total Utility of Income After University Expenses and Scenario

(Table: Total Utility of Income After University Expenses and Scenario: University Expenses) Use Table: Total Utility of Income After University Expenses and Scenario: University Expenses. Mr. and Mrs. Perez would be willing to pay as much as _____ for insurance to pay their daughter's tuition and eliminate the uncertainty in the family's income after tuition.
Scenario: University Expenses
The Perez family would like to send their eldest daughter, Luciana, to university in the fall semester. There is a 25% chance that Luciana will earn a full scholarship to the Miller School of Medicine at the University of Miami, leaving the Perez family with $50,000 in income after tuition; a 50% chance that Luciana will earn a partial scholarship to the Florida State University College of Medicine and that the Perez family will have $40,000 in income after tuition; and a 25% chance that she will attend the Florida Institute of Technology, a private college, and that the Perez family will consequently have $30,000 in income after tuition.
$${ \text { Table: Total Utility of Income after University Expenses} } \\\begin{array} { | l | l | } \hline\text { Income } & \text { Total Utility (in utils) } \\\hline \$ 30,000 & 1,000 \\\hline 32,500 & 1,800 \\\hline 35,000 & 2,500 \\\hline 37,500 & 3,100 \\\hline 38,200 & 3,267 \\\hline 40,000 & 3,620 \\\hline 40,500 & 3,700 \\\hline 42,500 & 4,000 \\\hline 43,750 & 4,175 \\\hline 45,000 & 4,300 \\\hline 47,500 & 4,500 \\\hline 50,000 & 4,600 \\\hline\end{array}$$

A) $12,000
B) $10,000
C) $8,000
D) $5,000