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Sheridan Company is considering an investment that will return a lump sum of $887,000 8 years from now. (For calculation purposes, use 5 decimal places

Sheridan Company is considering an investment that will return a lump sum of $887,000 8 years from now. (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 10% return? (Round answer to 2 decimal places, e.g. 25.25.) Lincoln Company should pay how much?

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