Cullumber Company is considering an investment that will return a lump sum of $$867,0008$ years from now.

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$($For calculation purposes, use $5$ decimal places as displayed in the factor table provided.$)$

What amount should Cullumber Company pay for this investment to earn an $8\%$ return? $($Round answer to $2$ decimal places, e$.$g$.25\mathrm{.}25.)$

Cullumber Company should pay