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Mario Inc. signs a contract with a customer to help them streamline their manufacturing process. Under the contract, Mario will receive a fixed payment of

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Mario Inc. signs a contract with a customer to help them streamline their manufacturing process. Under the contract, Mario will receive a fixed payment of $28,000 plus a bonus that depends on the amount of cost savings achieved. The bonus is structured as follows: Based on prior experience, Mario believes there is a 30% probability that they will achieve a cost savings that is greater than $100,000. What is the total transaction price if the company uses the expected value approach? Round to the nearest dollar

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