Please show the work.

4. A card is drawn from a standard 52-card deck. Calculate the expected value for the game. A player must pay 8 dollars to play the game, which must be subtracted from the winnings. If a spade is drawn, the player wins 12 dollars; otherwise, they lose their 8 dollars. Calculate the price that would make the game fair. The expected value of this game is dollars. (Round to the nearest cent as needed.)