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Carla Vista Co. is considering investing in an annuity contract that will return $32,000 annually...

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Accounting

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Carla Vista Co. is considering investing in an annuity contract that will return $32,000 annually at the end of each year for 12 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 Carla Vista Co. pay for this investment if it earns an 8% return? (Round answer to 2 decimal places, e.g.25.25.)
Carla Vista Co. should pay $
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