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Brief Exercise A-10 Lloyd Company earns 6% on an investment that will return $450,000 8 years from now. Click here to view the factor table.

Brief Exercise A-10

Lloyd Company earns 6% on an investment that will return $450,000 8 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount Lloyd should invest now to earn this rate of return? (Round answer to 2 decimal places, e.g. 25.25.)

Lloyd Company should invest

$

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