P$6\mathrm{.}14($LO $4,5)($Expected Cash Flows and Present Value$)$ At the end of $2020,$ Sawyer Compant

is conducting an impairment test and needs to develop a fair value estimate for machinery used in its

manufacturing operations. Given the nature of Sawyer's production process, the equipment is for spe$-$

cial use. $($No secondhand market values are available.$)$ The equipment will be obsolete in $2$ years, and

Sawyer's accountants have developed the following cash flow information for the equipment.