A 3-year project contemplates the following general inflations for each year:

Year	annual Inflation
1	2.3%
2	3.0%
3	10.7%

The project contemplates the initial investment of $4,000 in a piece of equipment that will be sold at the end of year 2 at a price equal to 50% of the updated cost with the inflation of the 2 years. Determine the selling price at current value for year 2.

$4,215

$2,107

$2,333

$2,216