Anthony is considering buying a small chain of Fixit SmartDevice repair shops. He estimates that the shops will produce a net income of $15,000 per year for at least five years. Anthony wants to know the dollar value of his business opportunity. Although he's confident about the success of the venture, all future cash flows have a level of uncertainty. After some advice, he decides a 10% discount rate on future cash flows is acceptable on an initial investment of $50,000. Suppose you need $15,000 in 3 years. If you can earn 6% annually, how much do you need to invest today?