At the end of 2020, Metlock Company is conducting an impairment test and needs to develop a fair value estimate for machinery used in its manufacturing operations Given the nature of Metlock's production process, the equipment is for special use. (No secondhand market values are available. The equipment will be obsolute In 2 years, and Matlock's accountants have developed the following cash flow Information for the equipment. Net Cash Flow Probability Year Estimate Assessment 2021 $5,790 4096 8,540 60% 2022 2096 60% 20% $(460) 1,970 4,190 Scrap value $540 850 2022 5096 5096 Click here to view factor tables Using expected cash flow and present value techniques, determine the fair value of the machinery at the end of 2020. Use a 6% 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 2020