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Crane Company earns 5% on an investment that pays back $80,000 at the end of each of the next 6 years. Click here to view

Crane Company earns 5% on an investment that pays back $80,000 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 Crane Company invested to earn the 5% 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.)

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