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Sunland Company is considering investing in an annuity contract that will return $31,450 annually at the end of each year for 17 years, Click here

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Sunland Company is considering investing in an annuity contract that will return $31,450 annually at the end of each year for 17 years, 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 if it earns an 8% return? (Round answer to 2 decimal places, eg 25.25.) Sunland Company should pay $

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