$117,146.07 is wrong, which one is it? please explain

A real estate investor feels that the cash flow from a property will enable her to pay a lender $20,000 per year, at the end of every year, for eight years. How much should the lender be willing to loan her if he requires a 7.5% annual interest rate (monthly compounded, assuming the first of the eight equal payments arrives one year from the date the loan is disbursed)? $117,146.07 $115,972.58 $1,440,520.49 $1,426,874,54