When assessing the value in use of a piece of production line equipment the following estimates of cash flows and risk rates were made:

Year 1: 1,000,000 at 4%;

Year 2 1,000,000 at 4.5%,

Year 3 1,000,000 at 5%.

The expected value in use of the asset is:

2,591,000

2,742,000

2,886,000

3,000,000