An artist agent agrees to route a jazz artist to a new European city because there is some downtime in the tour and the scheduling is convenient. The venue manager says that he can only pay a year after the concert, which is unusual. But after checking her sources, the agent agrees to the deal because she wants exposure for her artist. Two years from now, she expects to collect $150,000. If she uses a discount rate of 4% compounded quarterly, what is the present value of that concert?