1. Given the following information and options, calculate how many years this project should be run before it is retired. Assume the cost of capital is 10% p.a. Maximum life is five years.

   	Year 0	Year 1	Year 2	Year 3	Year 4	Year 5
   Net Cash Flows ($)	(10,000)	2,200	3,000	3,500	2,500	2,000
   Retirement Values ($)		6,000	5,000	4,000	3,000	1,000

   		Two years.
   		Three years.
   		Five years.
   		Cannot be determined.
   		Four years.
   		One year.