Ronald Slump Purchased a Real Estate Investment with the Following

Multiple Choice

Ronald Slump purchased a real estate investment with the following end-of-year cash flows: Year EOY Cash Flow
1 $200
2 $-350
3 $-430
4 $950
What is the present value of these cash flows if the appropriate discount rate is 20%?

A) $178
B) $160
C) $133
D) $767