Sandhill Co. earns 12% on an investment that pays back $86,700 at the end of...
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Sandhill Co. earns 12% on an investment that pays back $86,700 at the end of each of the next 6 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount Sandhill Co. invested to earn the 12% rate of return? (Round answer to 2 decimal places,
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