A firm is conducting an impairment test for a noncurrent asset. The fair value of the asset is $150,000 and the costs to sell are $20,000. The asset is expected to generate the following cash flows over the next 3 years: $100,000, 580,000, and $60,000. The relevant discount rate is 99. How much is the recoverable amount? Select one: a. $150,000 O b. $60,504 c. $130,000 d. $205,408 e. $80,350