Beene Distributing is considering a project that will return $240,000 annually at the end of each year for the next six years. If Beene demands an annual return of 12% and pays for the project immediately, how much is it willing to pay for the project? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round PVA factor to 4 decimals.)

Periodic Cash Flow	x	p (PV of an Ordinary Annuity)	=	Present Value
	x		=