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Year Beginning of year price Dividend paid at year end 2014 $40 $5 2015 $30 $6 2016 $48 $7 2017 $35 $8 An investor buys

Year

Beginning of year price

Dividend paid at year end

2014

$40

$5

2015

$30

$6

2016

$48

$7

2017

$35

$8

An investor buys five shares of Wonderful Chico in the beginning of 2014, buys another two shares in the beginning of 2015, sells three shares in the beginning of 2016, and sells all four remaining shares in the beginning of 2017.

What is the net cash flow for the investor in the beginning of 2016?

Negative 186

Negative 168

Positive 168

Positive 186

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