If there is no inflation during a period, then the Money Cashflow would be equal to: ?

<p style="text-align:justify;"><strong><span>(a) </span><span>Present Value,</span></strong></p> <p style="text-align:justify;"><strong><span>(b) Real Cashflow,</span></strong></p> <p style="text-align:justify;"><strong><span>(c) Real Cashflow + Present Value , </span></strong></p> <p style="text-align:justify;"><strong><span>(d)</span><span>Real Cashflow - Present Value</span></strong></p>