1. 01.01-AP001 Improved methods of oil and gas recovery, including fracking, have renewed interest in mineral royalties that many thought were worthless. An investor pays $100,000 to a landowner for the first 3 years of royalties after production begins. The investor has a goal to earn a 20% per year rate of return over those 3 years. At the end years 1 and 2 , the royalties paid are $60,000 and $45,000. respectively. What royalty must be earned in the 3rd year to achieve the investor's goal