A man buys a racehorse for $20,000 and enters it in two races. He plans to sell the horse afterward, hoping to make a profit. If the horse wins both races, its value will jump to$90,000. If it wins one of the race s, it will be worth $55,000. If it loses both races, it will be worth only$10,000. The man believes there 's a25% chance that the horse will win the first race and a 35% chance it will win the second one . Assuming that the two race s are independent events, find the man 's expected profit. Find the expected profit is