Determination of Goodwill (An Example) Nigel Corporation is interested in purchasing Luigi Car Company Ltd. The total of Luigi's net income amounts over the last five years is $750,000. During one of those years, Luigi reported a gain on discontinued operations of $94,000. The fair value of Luigi's net identifiable assets is S690,000. A normal rate of return is 15%, and Nigel wants to capitalize excess earnings at 20%. Calculate the estimated value of Luigi's goodvwill