If an analyst predicts that the benefits of a two-year project would be $100,000 in the middle of the first year and $110,000 in the middle of the second year, the scrap value at the end of the project's life is expected to be $20,000 upon resale, and the discount rate is 5%, how much is the present value of total benefits for the project?
- $217,968
- $213,152
- $230,000
- $219,827