Grouper Corporation is interested in purchasing Lau Company Ltd. The total of Laus net income amounts over the past five years is $762,000. During one of those years, Lau reported a gain on discontinued operations of $93,800. The fair value of Laus net identifiable assets is $698,600. A normal rate of return is 15%, and Grouper wants to capitalize excess earnings at 20%. Calculate the estimated value of Laus goodwill.

Estimated value of Lau's goodwill

$enter the Estimated value of Lau's goodwill in dollars