MLI Entertainment just signed a sales contract with a new customer. According to the contract, MLI will receive the following payments over the next 3 years. If the firm earns 4 percent on its savings, what will be the value of the expected payments at the end of year 3? End of year: Payment amount: 1 $80,000 N $100,000 3 $120,000 O $336,260 $310,528 None of the answers is correct $300,000 $280,474