Marin 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, Marin 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. Eachicash flow estimate reflects Marin's estimate of annual cash flows over the next 10 years. The trade name is assumed to have no salvage value atter the 10 years. (Assume the cath flows occur at the end of each vear) Click here to view factor tables (a) What is the estimated fair value of the trade name? Marin determines that the appropriate discount rate for this estimation is 1005 (Round foctor values to 5 decimal ploces, es. 1.25124 and final answer to 0 decimal places, eg. 458,581) Estimated fairvalue $