As part of the acquisition agreement, Sigma Corp. agrees to pay the former shareholders of Tau Corp. $2.5 in cash for every dollar of gross revenues above $45,000,000 reported by Tau at the end of the first year following acquisition. Sigma projects the following outcomes for the year:

Gross revenues	Probability
$35,000,000	0.05
$45,000,000	0.30
$55,000,000	0.25
$65,000,000	0.25
$75,000,000	0.15

Required: Using a 13 percent discount rate, what is the appropriate value to be reported as an earnings contingency liability on Sigma’s books at the date of acquisition?