Three years ago, Props Incorporated made an investment that earned 10%, the current value of which is $15,000. The following is the present value of $1.00 discounted at a 10% interest rate:

Periods Present Value of $1.00 Discounted at 10%

1 0.909

2 0.826

3 0.751

What is the amount of initial cash investment made by Props Incorporated three years ago?

Multiple Choice

$11,265

$19,973

$12,390

$13,365