1.The value of any asset is the ________.
a. present value of the sum of all future cash flows it is expected to provide over the relevant time period.
b. sum of all future cash flows it is expected to provide over the relevant time period.
c. sum of the present values of all future cash flows it is expected to provide over the relevant time period.
d. sum of all compounded future cash flows it is expected to provide over the relevant time period.