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Blossom Company is considering investing in an annuity contract that will return $25,000 annually at the end of each year for 12 years. Click here

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Blossom Company is considering investing in an annuity contract that will return $25,000 annually at the end of each year for 12 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as dispiayed in the factor tabie provided.) What amount should Blossom Company pay for this imestment if it earns an 5% return? (Round answer to 2 decimal places es. 25.25.)

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