In one country, there exists a food and drug administration that has veto power over the choice of drug names. Last year it used this power regularly, rejecting 37% of the names proposed by companies for reasons such as sounding too much like another product. Suppose that a company spends $300,000 developing each proposed name, but there's a 50-50 chance of a name being rejected. Complete part (a) (a) If the review of names occurs independently, what is the probability that the company will spend more than 5900,000 developing a name?

The probability is (Round to two decimal places as needed.)