Current Attempt in Progress At the end of 2020, Novak 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 Novak's production process, the equipment is for special use. (No secondhand market values are available.) The equipment will be obsolete in 2 years, and Novak's accountants have developed the following cash flow information for the equipment Year Net Cash Flow Estimate Probability Assessment 2021 $ 5,960 40% 8,740 60% 2022 $(460) 20% 2.110 60% 3,920 20% Scrap value 2022 $ 490 50% 880 50% Question 9 of 9