Problem 6-14 Your answer is incorrect. Try again At the end of 2017, Bramble 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 Bramble's production process, the equipment is for special use. (No secondhand market values are available.) The equipment will be obsolete in 2 years, and Bramble's accountants have developed the following cash flow information for the equipment Net Cash Flow Probabllity Year Estimate S6,360 8,480 Assessment 40% 60% 2018 2019 $(470) 2,080 3,710 20% 60% 20% Scrap value 2019 $450 920 50% 50% Using expected cash flow and present value techniques, determine the fair value of the machinery at the end of 2017. use a 6% discount rate. Assume all cash flows occur at the end of the year (Round factor values to 5 declmal places, e.g. 1.25124 and final answer to 0 declmal places, e.g. 458,581.) Fair value of the machinery at the end of 2017 9459