A project has the following cash flow stream $($each cash flow is at the end of each year$).$

Yr$1$: $1,000$

Yr$2$: $500$

Yr$3$: $2,000$

What is the present value of this project? Assume $l=10\%.$

Select an answer and submit. For keyboard navigation, use the up$/$down arrow keys to select an answer.

a $,1,501\mathrm{.}63$

b $,2,824\mathrm{.}94$

$3,500\mathrm{.}00$