Oriole Company is considering an investment that will return a lump sum of $740,000 3 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 Oriole Company pay for this investment to earn an 11% return? (Round answer to 2 decimal places, e.g. 25.25.)

Oriole Company should pay

$enter a dollar amount rounded to 2 decimal places

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Appendix A Q4