15. What is the present value of $8,000 to be received at the end of 6 years if the required rate of return is 15%? Following is a table for the present value of $1 at compound interest: Year Year 2 3 4 5 15% 0.870 0.756 0.658 0.572 0.497 6 7 8 9 10 15% 0.432 0.376 0.327 0.284 0.247 Following is a table for the present value of an annuity of $1 at compound interest: Year 1 2 3 4 5 15% 0.870 1.626 2.283 2.855 3.353 Year 6 7 8 9 10 15% 3.785 4.160 4.487 4.772 5.019