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Brief Exercise G-12 Ivanhoe Company is considering investing in an annuity contract that will return $26,890 annually at the 14 years. Click here to view

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Brief Exercise G-12 Ivanhoe Company is considering investing in an annuity contract that will return $26,890 annually at the 14 years. 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 if it earns an 8% return? (Round answer places, e.g. 25.25.) Ivanhoe Company should pays

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