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Waterway Industries earns 12% on an investment that will return $461,000, 8 years from now. Click here to view the factor table 1. Table 2

Waterway Industries earns 12% on an investment that will return $461,000, 8 years from now. Click here to view the factor table 1. Table 2 Table 3 Table 4 What is the amount Waterway should invest now to earn this rate of return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.27541. Round answer to 2 decimal places, e.g. 25.25.)

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