If an alternative has an advance payment of $100,000 upon contract award and then quarterly payments of $20,000 for the next 3 years, what would the cash flow diagram look like? Select the correct choice from each pair of answers.

$100,000 EOY 1 or $100,000 BOY 1

$80,000 MOY 1 or $20,000 MOY 1

$80,000 MOY 2 or $20,000 MOY 2

$80,000 MOY 3 or $20,000 MOY 3