What Is the Correct Order in the Hierarchy Specified by IAS

Multiple Choice

What is the correct order in the hierarchy specified by IAS 41 to be used by an entity to approximate the fair value of an agricultural asset?
1) Sector benchmarks
2) Price for the asset in an active market
3) Present value of the future cash flows the asset is expected to generate
4) Market prices for similar assets, with adjustments made for the differences
5) Recent transaction price

A) 3, 4, 1, 2, 5
B) 2, 5, 4, 1, 3
C) 1, 3, 4, 5, 2
D) 5, 4, 2, 3, 1