Crane Company is considering an investment that will return a lump sum of $820,000 7 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 Crane Company pay for this investment to earn an 7% return? (Round answer to 2 decimal places, e.g. 25.25.)

Crane Company should pay

$enter a dollar amount rounded to 2 decimal places