Your answer is incorrect. Try again. pering Company owns a trade name that was purchased in an acquisition of McClellan Company. The trade name has a book value of $2,500,000, but according to GAAP, it is assessed for impairment or annual basis. To perform this impairment test, Whispering must estimate the fair value of the trade name. It has developed the following cash flow estimates related to the trade name based on internal information. Each cash flow estimate reflects Whispering's estimate of annual cash flows over the next 9 years. The trade name is assumed to have no salvage value after the 9 years. (Assume the cash flows occur at the end of each year) Cash Flow Estimate $387,500 638,400 760,200 Probability Assessment 20% 50% 30% What is the estimated fair value of the trade name? Whisperi determines that the a riate discount rate for estimation IS 9%. (Round factor values to 5 decimal places e.g. 1.25124 and final nswer to 0 decimal c.g. 458,581.) Estiated fair valueTT 8135022.7 LINK TO TEXT