Consider PV LTD a one asset firm with no liabilities. Assume that the asset will generate end of year cash flow of $ 100 each year for two years and then will have zero value. Assume also that the risk free interest rate in the economy is 10%. Then, at time 0 (the beginning of the first year of the asset's life), the present value of the firm's future cash flow, denoted by PAo, is :