Assume for simplicity that Scherzer receives his$15 million per year salaries for2018, 2019, and 2020 at the end of each calendar year. The interest rate for this period of time is7%. The present value of the salaries he will receive for these three years on January1, 2018 is approximately

A.

$41.9 million..

B.

$39.4 million.

C.

$45 million.