You need to purchase a financial asset that will pay you $80 per year forever, starting 5 years after the purchase is made. What is the value (PV) of this financial asset on the date that you bought it (year 0), given that the interest rate is 3% APR?

1. 2,666.67

2. 2,233.39

3. 2,369.30

4. 69.01