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Bob currently owes Lemonade Inc. $6,000 on his tab. Bob thinks his part-time job will allow him to pay back his tab if he

  

Bob currently owes Lemonade Inc. $6,000 on his tab. Bob thinks his part-time job will allow him to pay back his tab if he pays $1,500 per year each year over the next 5 years. Assuming Lemonade Inc.'s WACC is 10%, what is the value today of $1,500 per year, each year, for 5 years (select the closest $$ amount)?

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