Brief Exercise 12-22 (Algo) What is the present value of... [LO 12-4] What is the present value of $8,000 to be received 2 years from now, if the discount rate is: (a) 8%, (b) 11%, and (c) 15%? 1. Use the appropriate table (Appendix C: Table 1) to answer the above questions. 2. Use the formula shown at the bottom of Appendix C, Table 1, to answer the above questions. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the appropriate table (Appendix C: Table 1) to answer the above questions. (Round your answers to the nearest whole dollar amount.) Discount Rate Present Values (a) 8% (b) 11% (c) 15% < Required 1 Required 2 >