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Cullumber Company is considering an investment that will return a lump sum of $942, 800, 3 years from now. (For calculation purposes, use 5 decimal
Cullumber Company is considering an investment that will return a lump sum of $942, 800, 3 years from now. (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 12% return? (Round answer to 2 decimal places, e.g. 25.25.)
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