CD enters into a contract with EF to install a closed-circuit television camera (CCTV) system in which signals are monitored, primarily for surveillance and security purposes. On January 1, 2017, EF pays CD an upfront fixed fee of P 50,000 for six months of featured access. EF also will pay CD a bonus of P 30,000 if EF can access the cameras in a 24-hour situation wherein it can be viewed in any location during the six-month period. CD estimates a 70% chance that it will achieve the usage target and receive the P30,000 bonus.

How much is the expected value of the contract price at inception? (no peso sign, no comma, only whole number)