The EZ Construction Company is offered a $20 comma 000 contract to build a new deck for a house. The company's profit if they do not have to sink piers (vertical supports) down to bedrock will be $4 comma 000. However, if they do have to sink the piers, they will lose $600. The probability they will have to put in the piers is 10 %. What is the expected value of this contract?
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