Question: Question 11 View Policies Current Attempt in Progress Cullumber Company is considering an investment that will return a lump sum of $940,000 8 years from

Question 11 View Policies Current Attempt in Progress Cullumber Company is

Question 11 View Policies Current Attempt in Progress Cullumber Company is considering an investment that will return a lump sum of $940,000 8 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 Cullumber Company pay for this investment to earn an 7% return? (Round answer to 2 decimal places, e.g. 25.25.) Lincoln Company should pay $

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