Sunland company is considering an investment that will, Ask an Expert

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Sunland Company is considering an investment that will return a lump sum of $863,000, 8 years from now.

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(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

What amount should Sunland Company pay for this investment to earn an 9% return? (Round answer to 2 decimal places, e.g. 25.25.)

Lincoln Company should pay $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92330684

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