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ABC Consulting entered into a contract to provide marketing consulting services for a fixed fee of $35,000 and a bonus of $12,000, if the client

ABC Consulting entered into a contract to provide marketing consulting services for a fixed fee of $35,000 and a bonus of $12,000, if the client reaches a specified sales growth. ABC estimates a 40% chance acheiving the sales growth. Using the expected growth value approach, what transaction price would ABC estimate?

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