To find the y-intercept of a function, we set the independent variable to zero. In this case, we have:
V(0) = 11,700(3)^-0.15
Simplifying this expression, we get:
V(0) = 11,700(1)
V(0) = 11,700
Therefore, the y-intercept of the function is 11,700. This means that when the machine was purchased (i.e., at t = 0), its value was $11,700.
So, the answer is D. The y-intercept represents the original value of the machine.