Fishermens Corp. is considering purchasing a boat. If the boat was purchased, it is expected to receive $20,000 at the end of the first year, $40,000 at the end of the second year, and $60,000 at the end of the third year within its business. What is the boat worth to Fishermens Corp today, assume an 8% discount rate.

		$120,000
		$100,440
		$47,640
		$98,756