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Please answer the following accounting question Sunland Company earns 12% on an investment that will return $457,000 8 years from now. Click here to view
Please answer the following accounting question
Sunland Company earns 12% on an investment that will return $457,000 8 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 is the amount Sunland should invest now to earn this rate of return? (Round answer to 2 decimal places, eg. 25.25.) Sunland Company should invest $ $Step by Step Solution
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