Problem 6-14 At the end of 2017, Cullumber Company is conducting an impairment test and needs to develop a fair value estimate for machinery used in its manufacturing operations Given the nature of Cullumber's production process, the equipment is for special use. (No secondhand market values are available.) The equipment will be obsolete in 2 years, and Cullumber's accountants have developed the following cash flow information for the equipment. Net Cash Flow Probability Estimate $6,360 8,480 Year Assessment 4096 6096 2018 $(470 ) 2,080 3,710 2096 60% 20% 2019 Scrap value 2019 $450 920 5096 5096 he view Using expected cash flow and present value techniques, determine the fair value of the machinery at the end of 2017, Use a 6% discount rate. Assume all cash flows occur at the end of the year. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.) Fair value of the machinery at the end of 2017 s