In the ABC partnership (to which Daniel seeks admittance), the capital balances of Albert, Bert, and Connell, who share income in the ratio of 5:3:2 are:

Albert $500K

Bert 300K

Connell 200K

Based on the preceding information, if no goodwill or bonus is recorded, how much should Daniel invest for a 20 percent interest?

Group of answer choices

$400,000

$200,000

$300,000

$250,000