As the president of Swifty Wineries Corp., you are considering purchasing Grimsby Wine Accessories Limited, whose statement of financial position is summarized as follows:

Current assets

$ $241,800$

Current liabilities

$ $202,800$

Plant and equipment $($net$)$

$816,200$

Long$-$term liabilities

$535,500$

Other assets

$277,000$

Common shares

$427,000$

Retained earnings

$169,700$

Total

$$1,335,000$

Total

$$1,335,000$

The current assets' fair value is $$85,000$ higher than their carrying amount because of inventory undervaluation. All other assets and liabilities have book values that approximate their fair value. The normal rate of return on net assets for the industry is $15\%.$ The expected annual earnings for Grimsby are $5153,000.$

Click here to view Table A$\mathrm{.}4-$ PRESENT VALUE OF AN ORDINARY ANNUITY OF $1$

Assuming that the excess earnings are expected to continue for $5$ years, how much would you be willing to pay for goodwill, and for the company? Estimate goodwill using the present value methoo. $($Round factor values to $5$ decimal places, eg$.1\mathrm{.}25124$ and round answers to

$0$ decimal places, eg$.2275.)$

Swifty Wineries Corp. pay for goodwill

Swifty Wineries Corp. pay for Company