At the end of 2020, Pearl 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 Pearl's production process, the equipment is for special use. (No secondhand market values are available.) The equipment will be obsolete in 2 years, and Pearl's accountants have developed the following cash flow information for the equipment. Net Cash Flow Probability Year Estimate Assessment 2021 $5,440 40% 9,500 60% 2022 $(460) 20% 2,180 60% 3,800 20% Scrap value 2022 $530 50% 970 50% 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 O decimal places, e.g. 458,581.) Fair value of the machinery at the end of 2020 $ CA