Net income figures for Ayayai Ltd. are as follows:

2016	-	$76,500
2017	-	$55,300
2018	-	$85,000
2019	-	$87,900
2020	-	$69,800

Future income is expected to continue at the average amount of the past five years. The companys identifiable net assets are appraised at $451,600 on December 31, 2020. The business is to be acquired by Whispering Winds Corp. in early 2021. The normal rate of return on net assets for the industry is 9%. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1.

What amount should Whispering Winds Corp. pay for goodwill, and for Ayayai Ltd. as a whole, if goodwill is equal to average excess earnings capitalized at 25%?

Whispering Winds Corp. pay for goodwill		$
Whispering Winds Corp. pay for Company		$

What amount should Whispering Winds Corp. pay for goodwill, and for Ayayai Ltd. as a whole, if a perpetual 18% return is expected on any amount paid for goodwill? (Round answers to 0 decimal places, e.g. 5,275.)

Whispering Winds Corp. pay for goodwill		$
Whispering Winds Corp. pay for Company		$

What amount should Whispering Winds Corp. pay for goodwill, and for Ayayai Ltd. as a whole, if goodwill is equal to five years of excess earnings? (Round answers to 0 decimal places, e.g. 5,275.)

Whispering Winds Corp. pay for goodwill		$
Whispering Winds Corp. pay for Company		$

What amount should Whispering Winds Corp. pay for goodwill, and for Ayayai Ltd. as a whole, if goodwill is equal to the present value of five years of excess earnings capitalized at 20%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5,275.)

Whispering Winds Corp. pay for goodwill		$
Whispering Winds Corp. pay for Company		$