Passion Company is trying to decide whether or not to acquire Desiree Inc. The following balance sheet for Desiree Inc. provides information about book values. Estimated market values are also listed, based upon Passion Company's appraisals. Current assets Property, plant & equipment (net) Total assets Desiree Inc. Desiree Inc. Book Values Market Values $282,100 $282,100 612,000 689,300 $894,100 $971,400 $425,900 Total liabilities Common stock, $10 par value Retained earnings Total liabilities and equities $425,900 162,800 305,400 $894,100 Passion Company expects that Desiree will earn approximately $124,140 per year in net income over the next five years. This income is higher than the 10% annual return on tangible assets considered to be the industry "norm." x Your answer is incorrect. Try again. Compute an estimation of goodwill based on the information above that Passion might be willing to pay include in its purchase price), assuming Passion is willing to pay for excess earnings for an expected life of five years, which should be capitalized at the industry normal rate of return. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answer to o decimal places e.g. 58,971.) Goodwill 27000