Please answer the following accounting question.

Crane Enterprises earns 12% on an investment that pays back $80.500 at the end of each of the next 6 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 Crane Enterprises invested to earn the 12% rate of return? (Round answer to 2 decimal places, e.g. 25.25.) Crane Enterprises invested $ $