Current Attempt in Progress Sam Sweet Company owns a trade name that was purchased in an acquisition of Travis Compary. The trade name has a book value of $10,000,000, but according to GAAP, it is assessed for impairment on an annual basis. To perform this impairment test, Sweet must estimate the fair value of the trade name. (You will learn more about intangible asset impairments in Chapter 11.) it has developed the following cash flow estimates related to the trade name based on internal information: (Each cash flow estimate reflects Sweet's estimate of annual cash flows over the next 9 years. The trade name is assumed to have no residual value after the 9 years. Assume the cash flows occur at the end of each year.) Click here to view factor tables (a) What is the estimated fair value of the trade name? Sweet determines that the appropriate discount rate for this estimation is 3%6. (Round factor values to 5 decimal ploces, es. 1.25124 and final answer to O decimal ploces, e. 458,581 )