Jackpot Mining is obligated to the State of California to restore leased land to its original condition after its mining activities are over in six years. The cash flow possibilities and probabilities for the restoration costs in six years are as follows: Cash Outflow Probability $ 5 million 10% 10 million 30% 12 million 40% 15 million 20% The company's credit-adjusted interest rate is 4%. Required: Calculate the liability that Jackpot must record at the beginning of the project for the restoration costs.