Question: What level are inputs for estimating fair values based on a firm's own assumptions about the fair value of an asset or a liability, such

What level are inputs for estimating fair values based on a firm's own assumptions about the fair value of an asset or a liability, such as using various data to estimate present values?
a. Level 3.
b. Level 1.
c. Level 2.
d. None of these choices are correct.

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