SAs the lease holder (temporary owner) of land in a scenic part of California, you are presented with two options to generate income from the property. Option 1 is to develop an eco-tourist resort. Option 2 is to mine the land for rare earth minerals. At the end of your lease (after 6 years, including the current year), you relinquish the land. You are presented the following table that enumerates the costs and benefits of pursuing the eco-tourism option (Option 1): Eco-tourism Years 0 1 2 3 4 5 Costs (thousands of $) 2550 210 270 380 440 500 Benefits (thousands of $) 500 600 700 1000 1000 Net Benefits Net Present Value at 5% Net Present Value at 10% Total The costs of the eco-tourism project include one-time construction costs and recurring maintenance costs. a) [7 points] Assume a 5% discount rate. Determine the net benefits of the project in each period and then determine the present value of net benefits in each period. Finally determine the total net benefits across periods. Record your answers for the present