As part of the acquisition agreement, Xi Corp. agrees to pay the former shareholders of Omicron Corp. $2 in cash for every dollar of gross revenues above $30,000,000 reported by Omicron at the end of the first year following acquisition. Xi projects the following outcomes for the year:

Gross revenues	Probability
$25,000,000	0.10
$30,000,000	0.35
$35,000,000	0.30
$40,000,000	0.15
$45,000,000	0.10

Required: Using a 15 percent discount rate, what is the appropriate value to be reported as an earnings contingency liability on Xi’s books at the date of acquisition?