At the end of 2017, Swifty Company is conducting an impairment test and needs to develop a fair value estimate for equipment used in its manufacturing operations. Given the nature of Swiftys production process, the equipment is for special use. (No secondhand market values are available.) The equipment will be obsolete in 2 years, and Swiftys accountants have developed the following cash flow information for the equipment. Year Net Cash Flow Estimate Probability Assessment 2018 $8,250 30% 10,890 70% 2019 $(5,960 ) 30% 950 40% 6,140 30% Scrap value 2019 $650 60% 1,290 40% Click here to view factor tables Using expected cash flow and present value techniques, determine the fair value of the equipment at the end of 2017. Use a 8% discount rate. Assume all cash flows occur at the end of the year. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Fair value of the machinery at the end of 2017 $enter the fair value of the machinery at the end of 2017 in dollars rounded to 0 decimal places