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CALC Brief Exercise G-12 Cullumber Company earns 8% on an investment that pays back $97,000 at the end of each of the next 10 years.

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CALC Brief Exercise G-12 Cullumber Company earns 8% on an investment that pays back $97,000 at the end of each of the next 10 years. 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 Cullumber Company invested to earn the 8% rate of return? (Round answer to 2 decimal places, e.g. 5,275.25.) Cullumber Company invested Click If you would like to Show Work for this question: Open Show Work

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