Brief Exercise A-9

Messi Company is considering an investment that will return a lump sum of $890,000 4 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 amount should Messi Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.)

Messi Company should pay

$