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10) Wayne Industries Inc. and Gotham Excavation & Construction Co. sign an agreement in which Gotham Excavation & Construction Co. will excavate and construct a

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10) Wayne Industries Inc. and Gotham Excavation & Construction Co. sign an agreement in which Gotham Excavation & Construction Co. will excavate and construct a secret, underground garage beneath the home of Wayne Industries's CEO. Gotham Excavation & Construction Co. estimates that construction will take either 20 months with a 40% probability or two years with a 60% probability. Wayne Industries Inc. agrees to pay Gotham Excavation & Construction Co. $74 at the beginning of construction, $70 at the completion of construction, and a bonus of $20 if construction is completed in 20 months. Assuming that Gotham Excavation & Construction Co. uses the expected-value approach, what is the transaction price for this contract

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