An original investment of $250,000 provides an ordinary annuity of $100,000 to be received at the end of each of the next 3 years. Assuming annual discounting at 2% per year, the net present value is _____.

A)	less than $37,000
B)	more than $37,000 but less than $38,000
C)	more than $38,000 but less than $39,000
D)	more than $39,000 but less than $40,000
E)	more than $40,000