According to the environment law, an entity expects to spend $520$m in one year and $260$m in two years to address the consequences of an oil spill incident. The discount rate is $4\%$

What is the amount of current provisions

$($provisions within current liabilities$)$

$$recognised at the moment?

Hints: Current liabilities are due within one year.

the answer can omly be one of the below, also make sure to think about the HINT, that Current liabilities is due within one tear.

a$.500$m

b$.250$m

c$.260$m