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Brief Exercise G-10 Ivanhoe Company is considering an investment that will return a lump sum of $924,300, 3 years from now. Click here to view

Brief Exercise G-10 Ivanhoe Company is considering an investment that will return a lump sum of $924,300, 3 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 Ivanhoe Company pay for this investment to earn an 11% return? (Round answer to 2 decimal places, e.g. 25.25.) Lincoln Company should pay & Click if you would like to Show Work for this question: Open Show Work

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