An insurance policy sells for $1200. Based on past data, an average of 1 in 50 policyholders will file a $10,000 claim, an average of 1 in 100 policyholders will file a $50,000 claim, and an average of 1 in 250 policyholders will file an $80,000 claim. Find the expected value (to the company) per policy sold. If the company sells 20,000 policies, what is the expected profit or loss? The expected value is $ (Simplify your answer.) The expected is $ (Simplify your answer.)