View Policies Current Attempt in Progress Pharoah Company is considering investing in an annuity contract that will return $28,000 annually at the end of each year for 16 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 Pharoah Company pay for this investment if it earns an 12% return? (Round answer to 2 decimal places, e.g. 25.25.) Pharoah Company should pay LA $