Marigold is interested in purchasing Family Company Ltd. The total of Family's net income amounts over the past five years is $751,000. During one of those years, Family reported a gain on discontinued operations of $93,200. The fair value of Familys net identifiable assets is $689,300. A normal rate of return is 16%, and Marigold wants to capitalize excess earnings at 20%.

Calculate the estimated value of Familys goodwill.

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