Molly and Andrew have established an FLP. They each retain a 1% general partnership interest and a 10% limited partnership interest. They have used annual exclusion gifts to give 78% of the value of the FLP to their five children. The value of the underlying assets is $1 million. A qualified appraiser has provided a valuation of the FLP and indicated that a 30% discount applies. At Andrews death, what is the value of FLP assets included in his taxable estate?

A. $10,000

B. $110,000

C. $7,000

D. $77,000