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Wildhorse Co. is considering investing in an annuity contract that will return $32,000 annually at the end of each year for 14 years. Click here

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Wildhorse Co. is considering investing in an annuity contract that will return $32,000 annually at the end of each year for 14 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 Wildhorse Co. pay for this investment if it earns an 6% return? (Round answer to 2 decimal places, eg, 25.25.) Wildhorse Co. should pay $

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