X Your answer is incorrect. Cullumber Company is considering an investment that will return a lump sum of $ 942,800, 3 years from now. Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) what amount should Cul lumber Company pay for this investment to earn an 12% return? (Round answer to 2 decimal places, e.g. 25.25.) Lincoln Company should pay $ 392534 Table 3 Present Value of 1 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% Periods 96154 .95238 .94340 93458 .92593 .91743.90909 .90090 .89286 .86957 .92456 .90703.89000 .87344.85734 .84168 .82645.81162.79719 .75614 .88900 .86384 .83962 .81630 .79383 .77218 .75132 .73 119 .71178 .65752 85480 .82270 .79209 76290 .73503 .70843.68301 .65873 .63552 .57175 82193.78353.74726 .71299 .68058 .64993 .62092 .59345 .56743.49718 .79031 .74622 .70496 .66634 .63017 .59627 .56447 .53464 .50663 .43233 75992 .71068 66506 .62275 .58349.54703.51316 .48166 .45235 .37594 73069 .67684.62741 .58201 .54027 .50187 .46651.43393.40388 .32690 70259 64461 .59190 .54393 .50025 46043 42410 .39092.36061 28426 .67556 .61391.55839.50835 .46319 .42241.38554 .35218 .32197 .24719 64958.58468 .52679 47509 .42888 .38753.35049 .31728.28748 .21494 62460 .55684 49697 44401 .39711 .35554 .31863 .28584.25668 .18691 .60057 .53032 46884 41496 .36770 .32618.28966.25751 .22917 .16253 .57748 .50507 44230 .38782 .34046 .29925.26333 .23199.20462 .14133 .55526 .48102 41727 .36245 .31524 .27454 .23939 .20900 .18270.12289 53391 .45811 .39365 .33873 .29189.25187 .21763 .18829 .16312 .10687 .51337 .43630 .37136 31657 .27027 .23107 .19785 .16963 .14564 .09293 .49363 .41552 .35034 .29586 .25025 .21199 .17986 .15282 .13004.08081 47464 .39573 .33051 .27615 .23171 .19449.16351 .13768 .11611 .07027 .45639.37689.31180 .25842.21455 .17843.14864 .12403.10367.06110 4 10 12 13 14 15 18 19 20 Table 4 Present Value of an Annuity of1 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% Payments 95238 94340 93458.92593 .91743.90909 .90090 .89286.86957 1.88609 1.859411.83339 1.80802 1.78326175911 1.73554 1.71252 1.69005 1.62571 2.77509 2.72325 2.67301 2.62432 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 3.62990 3.545953.465113.38721 3.312133.23972 3.16986 3.10245 3.03735 2.85498 4.45182 4.329484.21236 4.10020 3.992713.88965 3.79079 3.69590 3.60478 3.35216 5.242145.07569 4.91732 4.76654 4.62288 4.48592 4.35526 4.23054 4.111413.78448 6.002055.78637 5.58238 5.38929 5.20637 5.03295 4.86842 4.712204.56376 4.16042 6.73274 6.46321 6.20979 5.97130 5.74664 5.53482 5.33493 5.14612 4.96764 4.48732 7.43533 7.10782 6.80169 6.51523 6.246895.99525 5.75902 5.53705 5.32825 4.77158 8.11090 7.72173 7.36009 7.02358 6.710086.41766 6.14457 5.889235.65022 5.01877 8.760488.306417.88687 7.498677.13896 6.80519 6.49506 6.20652 5.93770 5.23371 9.385078.86325 8.383847.942697.53608 7.16073 6.813696.49236 6.19437 5.42062 9.98565 9.393578.85268 8.35765 7.903787.48690 7.10336 6.74987 6.42355 5.58315 10.56312 9.898649.294988.74547 8.24424 7.78615 7.36669 6.98187 6.62817 5.72448 11.11839 10.37966 9.71225 9.10791 8.559488.06069 7.60608 7.19087 6.81086 5.84737 11.65230 10.83777 10.10590 9.446658.85137 8.31256 7.82371 7.37916 6.97399 5.95424 12.16567 11.27407 10.47726 9.76322 9.12164 8.54363 8.02155 7.54879 7.11963 6.04716 12.65930 11.68959 10.82760 10.059099.37189 8.75563 8.20141 7.70162 7.24967 6.12797 13.13394 12.08532 11.15812 10.33560 9.60360 8.95012 8.36492 7.83929 7.36578 6.19823 13.59033 12.46221 11.46992 10.59401 9.81815 9.128558.51356 7.963337.46944 6.25933 96154 10 12 13 15 16 17 18 19 20
