Question: The answer is not 9855, please help. At the end of 2020, Swifty Company is conducting an impairment test and needs to develop a fair

 The answer is not 9855, please help. At the end of

2020, Swifty Company is conducting an impairment test and needs to develop

The answer is not 9855, please help.

At the end of 2020, Swifty 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 Swifty's production process, the equipment is for special use. (No secondhand market values are available.) The equipment will be obsolete in 2 years, and Swifty's accountants have developed the following cash flow information for the equipment. Year 2021 2022 2022 Net Cash Flow Estimate $6,250 8,890 $(460) 1,950 4,140 Scrap value $550 990 Probability Assessment 40% 60% 20% 60% 20% 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 6% 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 O decimal places, e.g. 458,581.) Fair value of the machinery at the end of 2020 69 $ 9855

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