Danner Corporation earns 12% on an investment that will return $900,000, 7 years from now. Below is some of the time value of money information that Danner has compiled that might help in planning compounded interest decisions. Present Value of 1 for 7 periods at 12%..................0.45235 Future Value of 1 for 7 periods at 12%...................2.21068 Present Value of an annuity for 7 periods at 12%.....4.56376 Future Value of an annuity for 7 periods at 12%.....10.08901 To the closest dollar, what is the amount Danner should invest now to earn this rate of return?

Question 23 options:

	$756,000
	$410,738
	$407,115
	$198,961