Exercise B-1 (Algo) Present value of an amount LO P1 Mike Derr Company expects to earn 8% per year on an investment that will pay $606,000 ten years from now. (PV of $1. EV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present value of this investment. Answer is complete but not entirely correct. Future Value S 606,000 Table Factor 2.1589 Present Value 280,695