Company X is considering purchasing Company Y$.$ One of Company Y$$s assets is a patent $($which has a three year remaining life$).$ Management of Company X estimates the annual net cash flows from the patent as: $$2,600,000$ in year $1,$ $$2,200,000$ in year $2,$ and $$2,000,000$ in year $3.$ Assume the appropriate discount rate is $15\%.$ What is the estimated fair value of the patent?