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At the end of $2025.$ Oriole Company is conducting an impairment test and needs to develop a fair value estimate for machinery used in

its manufacturing operations. Given the nature of Oriole's production process, the equipment is for special use. $($No secondhand

market values are available.$)$ The equipment will be obsolete in $2$ years, and Oriole's accountants have developed the following cash

flow information for the equipment.

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Using expected cash flow and present value techniques, determine the fair value of the machinery at the end of $2025.$ Usea $5\%$

discount rate. Assume all cash flows occur at the end of the year. $($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to

O decimal places, e$.$g$.458,581.)$

Fair value of the machinery at the end of $2025$

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