D [.3 ll] Question 50f?\" c > CurrentAttempt in Progress ' K Youranswerisinoorrect. ' Blossom Com panv owns a trade name that was purchased in an acquisition of Sunland Company. The trade name has a book value of $3,800,000. but according to IFRS. it must be assessed for impairment on an annual basis. To perform this impairment tat. Blossom must estimate the fair value of the trade name (using IFRE Hi. It has developed the following cash flow Etimat related to the trade name based on internal information. Each cash CIW estimate reects Blossom's estimate of annual cash flows over the next 10 vears The trade name is assumed to have no ridual value after the 10 vears. [Assume the cash flows occur at the end of each vear.i Cash Flow Estimate ProbabilityAssessrnent $385000 20 as 622.500 so as reason so as Click he re to view the factor table PRESENT WKLUE OF 1. Click he re to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. {a} What is the estimated fair value of the trade name? Blossom determines that the appropriate discount rate forthis estimation is 10% {For mlculam purposes, use 5 decimalplaces as displayed in the factor table provided. em nal answer to Ddocimlpiacas, as. 5.275.] Estimated fair value $ 354998? \fQuestion 7 of 7