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A real estate investment has the following expected cash flows: Year Cash Flows 0 -$50,000 1 $10,000 2 25,000 3 50,000 4 25,000 If the

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A real estate investment has the following expected cash flows: Year Cash Flows 0 -$50,000 1 $10,000 2 25,000 3 50,000 4 25,000 If the discount rate is 8%, what is the investment's present value? O $35,889 O $34,393 O $37,290 O $38,760 $32.686

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