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Sheridan Company earns 7% on an investment that will return $490,000 8 years from now. Click here to view the factor table. (For calculation purposes,

Sheridan Company earns 7% on an investment that will return $490,000 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 Sheridan should invest now to earn this rate of return? (Round answer to 2 decimal places, eg. 5,275.25.) Sheridan Company should invest $

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