Grouper Company owns a trade name that was purchased in an acquisition of McClellan Company. The trade name has a book value of $3,500,000, but according to GAAP, it is assessed for impairment on an annual basis. To perform this impairment test, Grouper must estimate the fair value of the trade name. It has developed the following cash flow estimates related to the trade name based on internal information. Each cash flow estimate reflects Groupers estimate of annual cash flows over the next 12 years. The trade name is assumed to have no salvage value after the 12 years. (Assume the cash flows occur at the end of each year.)

Cash Flow Estimate			Probability Assessment
$373,100			20%
634,300			50%
765,400			30%

Check the Interest Tables (a) What is the estimated fair value of the trade name? Grouper determines that the appropriate discount rate for this estimation is 12%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)What is estimated fair value?

Please show all the process!