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Brief Exercise E-10 Sheridan Company is considering an investment that will return a lump sum of $887,600, 8 years from now. Click here to view

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Brief Exercise E-10 Sheridan Company is considering an investment that will return a lump sum of $887,600, 8 years from now. Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of 1 Click here to view the factor table Present Value of 1 Click here to view the factor table Present Value of an Annuity of 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Sheridan Company pay for this investment to earn an 10% return? (Round answer to 2 decimal places, 0.g. 25.25.)

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