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Pharoah Enterprises earns 8 % on an investment that pays back $ 8 2 , 5 0 0 at the end of each of the

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Pharoah Enterprises earns 8% on an investment that pays back $82,500 at the end of each of the next 5 years.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
What is the amount Pharoah Enterprises invested to earn the 8% rate of return? (Round answer to 2 decimal places, e.g.25.25.)
Pharoah Enterprises invested
$
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