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Leo Consulting enters into a contract with Highgate University to restructure Highgate's processes for purchasing goods from supplers. The contract states that Leo will eam

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Leo Consulting enters into a contract with Highgate University to restructure Highgate's processes for purchasing goods from supplers. The contract states that Leo will eam a fixed fee of $22,000 and earn an additional $4,000 if Highgate achleves $40,000 of cost savings, Leo estimates a 60% chance that Highgate will achieve $40.000 of cost savings. Assuming that Leo determines the transaction price as the expected value of expected consideration, what transaction price will Leo estimate for this contract

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