WeStudy is a public online tutoring company. The CEO of WeStudy has a personal cost of working C(H) = 15H², where H is the number of days she works hard each quarter. Without any effort, the companys stock is expected be worth $50, but for each day she works hard, there is a 0.3% probability WeStudys next quarterly earnings announcement will top the Wall Street consensus estimate, in which case the company stock price will increase by $20. Suppose the CEO holds 25,000 shares of WeStudys stock while the outside investors hold 3 million shares. What is WeStudys expected outsideequity value (in million dollars)?

Please show formula