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Elmdale Company is considering an investment that will return a lump sum of $769,700, 7 years from now. Click here to view the factor table.

Elmdale Company is considering an investment that will return a lump sum of $769,700, 7 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Elmdale Company pay for this investment to earn a 12% return? (Round answer to 2 decimal places, e.g. 25.25.) Elmdale Company should pay $Entry field with incorrect answer now contains modified data

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