Mastercard Inc. paid $200 million for the right to explore and extract rare metals from land owned by the state of Montana. To obtain the rights, Mastercard Inc. agreed to restore the land to a suitable condition for other uses after its exploration and extraction activities. Mastercard Inc. incurred exploration and development costs of $60 million on the project. Mastercard Inc. has a credit-adjusted risk free interest rate is 9%. It estimates the possible cash flows for restoring the land, three years after its extraction activities begin, as follows:

Cash Outflow				Probability
$	22	million			50	%
$	66	million			50	%

The asset retirement obligation (rounded) that should be recognized by Mastercard Inc. at the beginning of the extraction activities is: