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Pina Colada Company is considering an investment which will return a lump sum of $2,565,000 six years from now. What amount should Pina Colada Company

Pina Colada Company is considering an investment which will return a lump sum of $2,565,000 six years from now. What amount should Pina Colada Company pay for this investment to earn an 11% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, e.g. 5,275.)

Amount pay for investment $enter the amount company will pay for investment in dollars rounded to 0 decimal places

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