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Consider the following timeline: The timeline starts at Date 0 and ends at Date 3. On Date 0, the cash flow is indicated by a

Consider the following timeline:

The timeline starts at Date 0 and ends at Date 3.

On Date 0, the cash flow is indicated by a question mark.

On Date 1, the cash flow is 100 dollars.

On Date 2, the cash flow is 200 dollars.

On Date 3, the cash flow is 300 dollars.

If the current market rate of interest is 8%, then the present value (PV) of this timeline as of year 0 is closest to:

A. $1,004

B. $502

C. $653

D. $600

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