QUESTION $7$

A proposed proiect will cost $$1,000$ two vears from todav. Beginning at the end of year five, $$300$ in annual benefits will be received, continuing until the end of year nine. What is the project's present $($year $0)$ worth at MARR $=4\%?$

A$.$ $$250$

B$.$ $$217$

C$.$ $$130$

D$.$ $$111$

E$.$ none of these