You need to hire some new employees to staff your startup venture. You know that potential employees are distributed throughout the population as follows, but you can't distinguish among them: Employee Value Probability $65,000 0.125 $70,000 0.125 $75,000 0.125 $80,000 0.125 $85,000 0.125 $90,000 0.125 $95,000 0.125 $100,000 0.125 The expected value of hiring one employee is $ Suppose you set the salary of the position equal to the expected value of an employee. Assume that employees will not work for a salary below their employee value. The expected value of an employee who would apply for the position, at this salary, Is $ Given this adverse selection, your most reasonable salary offer (that ensures you do not lose money) is