Problem 9.6A (Static) Accounting for Goodwill (LO9-6) KM Service Stations is considering expanding its operations to include the greater Dubuque area Rather than build new service Stations in the Dubuque area, management plans to acquire existing service stations and convert them into Kivi outlets Ki is evaluating two similar acquisition opportunities. Information relating to each of these service station is presented as follows es Gas Estimated moral rate of return on tastets 2014 al value of net dentisbless 5 950.000 150,00 acts were income for past five years 220.000 225.000 Required: a. Compute an estimated tal value for any goodwill associated with Kivi purchasing Joe's Garage Base your computation upon an assumption that successful service stations typically sell at about 9 25 times their annual earrings b. Compute an estimated fair value for any goodwill associated with Kivt purchasing Gas N Go Base your computation upon an assumption that kir's management expects excess earrings to continue for four years *