Blossom Company must perform an impairment test on its equipment. The equipment will produce the following cash flows: Year 1. $37,000; Year 2,$40,000; Year 3,\$64,500. The discount rate is 12%. What is the value in use for this equipment? Use the present value table in your calculation. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, es. 5,275.25.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUEOE ANANNUITYOE 1 Value in use PVF=(1+i)21=(1+i) PVFOA,i=i1(1+i)n1