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Sunland Company earns 7% on an investment that pays back $ 87,700 at the end of each of the next 5 years. Click here to

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Sunland Company earns 7% on an investment that pays back $ 87,700 at the end of each of the next 5 years. 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 Company invested to earn the 7% rate of return? (Round answer to 2 decimal places, c.8. 25.25.) Sunland Company invested $

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