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Sandhill Co. is considering an investment that will return a lump sum of $921,000 4...

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Accounting

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Sandhill Co. is considering an investment that will return a lump sum of $921,000 4 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 Sandhill Co. pay for this investment to earn an 8% return? (Round answer to 2 decimal places, e.g. 25.25.) Lincoln Company should pay $ |

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