Tom$$s new project will generate $$1500$ in income every semi annum for $10$ years. These cash flows will only commence in $2$ years$$ time. If the interest rate is $5\%$ p$.$a$.$ compounded quarterly, what is the present value of the project? a$)$ $$11529\mathrm{.}61$b$)$ $$9932\mathrm{.}86$c$)$ $$15000\mathrm{.}00$d$)$ $$21672\mathrm{.}20$