Sunland Company is considering an investment that will return a lump sum of $863,000 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 amount should Sunland Company pay for this investment to earn an 9% return? (Round.answer to 2 decimal places, e.g. 25.25.) Lincoln Company should pay $ eTextbook and Media Save for Later Assistance Used Attempts: 2 of 5 used Submit Answer

Sunland Company is considering an investment that will return a lump sum of $863,0008 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 Sunland Company pay for this investment to eam an 9% return? (Round answer to 2 decimal places, es. 25.25.) Lincoln Company should pay $ Attempts: 2 of 5 used