Use the information below to answer the following question.
Below is a payoff table that lists four mortgage options:
Outcome (in 000's)
Decision Rates Rise Rates Stable Rates Fall
1-yr ARM $80 $45 $40
3-Yr ARM $75 $50 $45
5-yr ARM $65 $55 $50
30-yr ARM $60 $60 $60
What is the average payoff for the 3-year ARM?
IN WHOLE DOLLARS, NO DECIMALS. For example $12, $26, $39.