You have an opportunity to spin a spinning wheel with 40 equally likely sections, numbered from 1 to 40. You will win $5 no matter which number the wheel lands on. However, before spinning the wheel, you can place a bet to increase your prize. The bet costs $12 to place. If the spinning wheel lands on 27, you win a prize of $750.Otherwise you win nothing. What is the net value of the bet?

Instructions: Enter your answer rounded to the nearest cent. Include the dollar sign in your answer.