Sheridan Company is considering an investment that will return a lump sum of $760,000 6 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 amount should Sheridan Company pay for this investment to earn an 8% return? (Round answer to 2 decimal places, e.g. 25.25.)

Sheridan Company should pay

$enter a dollar amount rounded to 2 decimal places