You have been offered an opportunity to receive $1,500 at the end of one year. You can earn an 8% rate of return on your next-best alternative investment. How much are you willing to invest/deposit today (t = 0) to have the opportunity to receive $1,500 at the end of one year, given that your interest rate is 8%? Draw a timeline to illustrate the problem. (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) (Click the icon to view the Present Value of an Annuity Due table.) CICO What is the present value of your investment? (Use the present value and future value tables, a financial calculator, a spreadsheet or the formula method for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, XXXXXX Round your final answer to the nearest cent, $X.XX.) The present value of your investment is $