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Question 3 View Policies Current Attempt in Progress Sheridan Company is considering investing in an...

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Question 3 View Policies Current Attempt in Progress Sheridan Company is considering investing in an annuity contract that will return $26,000 annually at the end of each year for 20 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 Sheridan Company pay for this investment if it earns an 5% return? (Round answer to 2 decimal places, e.g. 25.25.) Sheridan Company should pay $

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