A business is considering an investment which will generate a cash flow in exactly one year's time. The discount rate associated with the investment is $15\%$ per year. To deduce the present value of the projected cash flows, we have to multiply the amount of the cash flow to be received in one year's time by

A $\frac{1}{0\mathrm{.}15}$

B $(0\mathrm{.}15)$

C $(1\mathrm{.}15)$

D $\frac{1}{1\mathrm{.}15}$