Suppose a New Piece of Capital Equipment Will Deliver a Stream

Suppose a new piece of capital equipment will deliver a stream of MRPs of $1000 each year for 3 years (beginning one year from today) . What is the present value of this stream of benefits, assuming that the annual rate of interest is 5 percent?

A) $952.38
B) $2591.58
C) $863.86
D) $2723.25
E) $1000.00