Problem 6-14 At the end of 2020, Shamrock 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 Shamrocks production process, the equipment is for special use. (No secondhand market values are available.) The equipment will be obsolete in 2 years, and Shamrocks accountants have developed the following cash flow information for the equipment. Year Net Cash Flow Estimate Probability Assessment 2021 $5,990 40% 8,240 60% 2022 $(450 ) 20% 1,810 60% 3,880 20% Scrap value 2022 $460 50% 850 50% Click here to view factor tables Using expected cash flow and present value techniques, determine the fair value of the machinery at the end of 2020. 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 0 decimal places, e.g. 458,581.) Fair value of the machinery at the end of 2020 $---------------