Compute the Present Value of the Following Cash Flow Discounted

Multiple Choice

Compute the present value of the following cash flow discounted at 8%. $$\begin{array} { | l | l | } \hline \text { End of Year } & \text { Cash flow } \\\hline 1 & \$ 850 \\\hline 2 & \$ 500 \\\hline 3 & \$ 200 \\\hline\end{array}$$

A) $1,374.47
B) $973.97
C) $1,174.58
D) $1,024.65