An insurance policy sells for $1200. Based on past data, an average of 1 in 100 policyholders will file a $20,000 claim, an average of 1 in 250 policyholders will file a $40,000 claim, and an average of 1 in 500 policyholders will file a $70,000 claim. Find the expected value (to the company) per policy sold. If the company sells 30,000 policies, what is the expected profit or loss? I. . . . The expected value is $ (Simplify your answer.)