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Cullumber Company is considering investing in an annuity contract that will return $33,000 annually at the end of each year for 20 years. Click here

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Cullumber Company is considering investing in an annuity contract that will return $33,000 annually at the end of each year for 20 years. Click here to view the factor table. (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 5% return? (Round onswer to 2 decimal ploces, es. 25.25.) Cultumber Company should pay

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