If an analyst predicts that the benefits of a two-year project would be $105,000 at the end of the first year and $110,000 at the end of the project

If an analyst predicts that the benefits of a two-year project would be $105,000 at the end of the first year and $110,000 at the end of the project life, the scrap value of the project is expected to be $20,000 upon resale, and the discount rate is 5%, how much is the present value of total benefits for the project?