Question: Brief Exercise A-9 * Your answer is incorrect. Messi Company is considering an investment that will return a lump sum of $820,000 7 years from

 Brief Exercise A-9 * Your answer is incorrect. Messi Company is

Brief Exercise A-9 * Your answer is incorrect. Messi Company is considering an investment that will return a lump sum of $820,000 7 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 Messi Company pay for this investment to earn an 7% return? (Round answer to 2 decimal places, e.g. 25.25.) Messi Company should pay 307,226.29 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT

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