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Carla Mining Company recently purchased a quartz mine that it intends to work for the next 10 years. According tostate environmental laws, Carla must restore

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Carla Mining Company recently purchased a quartz mine that it intends to work for the next 10 years. According tostate environmental laws, Carla must restore the mine site to its original natural prairie state after it ceases mining operations at the site. To properly account for the mine, Carla must estimate the fair value of this asset retirement obligation. This amount will be recorded as a Fiability and added to the value of the mine on Carla's books. There is no active market for retirement obligations such as these, but Carla has developed the following cash flow estimates based on its prior experience in mining-site restoration. It will take 3 years to restore the mine site when mining operations cease in io years. Each estimated cash outflow reflects an annual payment at the end of each year of the 3-year restoration period. Click here to view factor tables. What is the estimated fair value of Carla's asset retirement obligation? Carla determines that the appropriate discount rate for this estimation is 5\%, (Round factor volues to 5 decimal ploces, es, 1.251.4 and final answer to 0 decimol ploces, eg 458,581 .) Estimated fale value of Carla's asset retirement obligation

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