Could someone please help to answer the question below regarding real options in corporate finance?

Consider the example of bidding for the right to extract oil in the high-risk scenario:

Here, the oil price can vary between $60 per barrel or $30 per barrel.

• Each has equal probability.
• Extraction costs at the site are $50 per barrel.
• This corresponds to the same expected value, $45 per barrel.
• If the price turns out to be $30 per barrel, it won't make sense to extract oil because the extraction costs are far larger than the oil price.
• If the price turns out to be $60, then, in fact, extracting oil generates a profit of $10 per barrel.

In this example of the bidding for the right to extract oil, what is the maximum bid the company would make?