A real estate investment has the following expected cash flows: Year Cash Flow 1 23 $11,115 $46,339 $20,517 $7.674 4 The discount rate is 3.1 percent. What is the investment's present value? 4 O $76,888.27 O $80,888.27 O $79,888.27 O $77,888.27 O $78,888.27

A real estate investment has the following expected cash flows: The discount rate is 3.1 percent. What is the investment's present value? $76,888.27 $80,888.27 $79,888.27 $77,888.27 $78,888.27