Waterway Industries is considering investing in an annuity contract that will return $37,000 annually at the end of each year for 15 years. Click here to view the factor table 1. Table 2 Table 3 Table 4 What amount should Waterway Industries pay for this investment if it earns an 9% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.25741. Round answer to 2 decimal places, e.g. 25.25.)

Waterway Industries should pay

$enter the amount that the company should pay in dollars