Assume the following series of cash flows: End of End of End of End of Year 1 Year 2 Year 3 Year 4 $200 $275 ? $200 At an annual discount rate of 5%, the total present value of the above cash flow stream, including the missing amount (the ?) is $854.96. What is the value of the End of Year 3 cash flow? On your worksheet, show your manual calculations OR show the data entries you made on your financial calculator. Either way, for partial credit, at least show the formula you would use

to solve this problem.