Apple Inc. is considering purchasing a smart phone app designed to teach users music theory in a fun and interactive way. Apple believes that the app is going to generate $25,000 net cash flow in the first year, $20,000 in the second year, and $15,000 in year 3. After that, it will be worthless and replaced with other new apps. If Apple requires a 10% return on all its investments, how much Apple is willing to pay for this app now?

$48,942

$50,526

$67,250

$68,760