Crane Company is considering an investment that will return a lump sum of $475,000 5 years from now. What amount should Crane Company pay for this investment in order to earn a 6% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g. 5,275.25.)

Amount to pay for this investment

$enter a dollar amount to pay for this investment rounded to 2 decimal places