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Fraser Company will need a new warehouse in eight years. The warehouse will cost $490,000 to build Click here to view Exhibit 128-1 and Exhibit

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Fraser Company will need a new warehouse in eight years. The warehouse will cost $490,000 to build Click here to view Exhibit 128-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount should the company invest now to have the $490,000 avallable at the end of the eight-year period? Assume that the company can invest money at (Round your final answer to the nearest whole dollor amount)

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