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Coronado Industries earns 7 % on an investment that pays back $ 8 3 , 0 0 0 at the end of each of the

Coronado Industries earns 7% on an investment that pays back $83,000 at the end of each of the next 6 years.
Click here to view the factor table 1.
Table 2
Table 3
Table 4
What is the amount Coronado Industries invested to earn the 7% rate of return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g.5.25471. Round answer to 2 decimal places, e.g.25.25.)
Coronado Industries invested
$
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