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Sunland Company owns a trade name that was purchased in an acquisition of Blossom Company. The trade name hasa bock value of $3,800,000, but according to IFRS, it is assessed for impairment on an annual basis. To perform this impairment test, Suntand must estimate the fair value of the trade name (using IFRS 13). It has developed the following cash flow estintates related to the trade rame based on internal information. Eachlyash flow estimate reflects Sunland's estimate of annual cash flows over the next to years. The trade name is assumed to have no salvage value after the 10 years. (Assume the cash flows occur at the end of each year) Click hern to varw the tacior tahle PRESENT VALUEOF 1. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OE AN ANNUITY OF 1. (a) What is the estimated fair value of the trade name? Sunland determines that the appropriate discount rate for this estimation is 105 . (For calculation purposes, use 5 decimal places as displayed in the foctor table provided. Round find answer to 0 decimal places, es. 5.275. Estimated fair value