Simpson Mining is obligated to restore leased land to its original condition after its excavation activities are over in three years. The cash flow possibilities and probabilities for the restoration costs in 3 years are as follows:

Cash overflow	Probability
$117,000	40%
167,000	40%
217,000	20%

The company's credit-adjusted risk-free interest rate is 4%. The liability that Simpson must record at the beginning of the project for the restoration costs is (Do not round intermediate calculations and round your final answer to the nearest dollar amount):

a)	$157,000
b)	$192,913
c)	$148,463
d)	$139,573