Windsor Enterprises is using a discounted cash flow model, Identify which model Windsor might use to estimate the discounted fair value under each scenario and calculate the fair value using the present value tables. Scenario

Scenario 1: Cash flows are fairly certain 1: $190/year for 5 years

Risk-adjusted discount rate is 6%

Risk free discount rate is 4% Scenario

Scenario 2: Cash flows are uncertain 75% probability that cash flows will be $190 in 5 years

25% probability that cash flows will be $70 in 5 years

Risk adjusted discount rate is 6%

Risk free discount rate is 4%

Scenario 1: Windsor might use Traditional approach model fair value $__________

Scenario 2: Windsor might use expected cash flow model fair value $___________

(For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answers to 2 decimal places, e.g. 5,275.25.)