Cullumber Company is considering investing in an annuity contract that will return $$37,000$ annually at the end of each year for $14$

years.

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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 if it earns an $9\%$ return? $($Round answer to $2$ decimal places, e$.$g$.25\mathrm{.}25.)$