The federal government is considering to build a parking lot on what used to be a forest. These are the costs and benefits of the project Table 1 Years 0 1 2 3 4 Costs (thousands of $) Construction 1400 Recurring costs 100 100 100 100 Foregone recreation 300 330 330 360 Benefits Parking lot revenue 0 900 900 800 800 Refer to Table 1. What is the present value of the benefits from year 0 to year 2 assuming a 10 % interest rate