Sarasota Company earns 12% on an investment that will return $480,000 eleven years from now. What is the amount Sarasota Company should invest now to earn this rate of 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.) Click here to view the factor table. Amount $ Last saved 1 day ago. Attempts: 0 of 1 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes