Answer:
$(200,000)
Explanation:
The cash flow to be shown in year is the initial investment outlay incurred prior to the commencement of the project since a new investment opportunity like this is seen as a project from which future cash flows are expected.
The amount expended today to ensure is $200,000 which would be shown in the discounted-cash-flow analysis as negative $200,000 because it is an outflow rather than an inflow that would have assumed a positive sign
