Problem 6-14 x Your answer is incorrect. Try again. At the end of 2020, Stellar 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 Stellar's production process, the equipment is for special use. (No secondhand market values are available.) The equipment will be obsolete in 2 years, and Stellar's accountants have developed the following cash flow information for the equipment. Year 2021 Net Cash Flow Estimate $6,000 8,560 Probability Assessment 40% 60% 2022 20% 60% 20% $(490) 2,160 4,020 Scrap value $460 830 2022 50% 50% Click here to view factor tables Using expected cash flow and present value techniques, determine the fair value of the machinery at the end of 2020. Use a 5% discount rate. Assume all cash flows occur at the end of the year. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Fair value of the machinery at the end of 2020 9,698 LINK TO TEXT LINK TO TEXT