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Pharoah Company is considering investing in an annuity contract that will return $33,000 annually at the end of each year ror 19 years; Click here

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Pharoah Company is considering investing in an annuity contract that will return $33,000 annually at the end of each year ror 19 years; Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Pharoah Company pay for this investment if it earns an 6% return? (Round answer to 2 decimal places, eg. 25.25.) Pharoah Company should pay $

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