30. A company establishes a fund of 120 from which it wants to pay an amount, C, to any of its 20 employees who achieve a high performance level during the coming year. Each employee has a 2% chance of achieving a high performance level during the coming year. The events of different employees achieving a high performance level during the coming year are mutually independent.
Calculate the maximum value of C for which the probability is less than 1% that the fund will be inadequate to cover all payments for high performance.
(A) 24
(B) 30
(C) 40
(D) 60
(E) 120
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