Sandhill Compary owns a trade name that was purchiased in an acquisition of Carla Vista Company. The trade name has a book value of $3,900,000, bet according to 1FFS, it must beassessed for impairment on an annual basis, To perform this impairment test, Sandhill must estimate the fair value of the trade name (using IFRS 13). It has developed the following cash flow estimates related to the tradt name based on internal information. Each eash flow estimate reflects Sandhill'sestimate of annual cash flows over the next 9 years: The trade rame is assumed to have no residial value after the 9 years, (Assume the cash flows occur at the end of each year) Clickhere to view the factor table PRESENF VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1 (a) What is the estimated fair value of the trade name? Sandhill determines that the appropriate discount rate for this estimation is 9%. (For calculation purposes, use 5 decimal places as disployed in the factor table provided. Round final answer to 0 decimal places, es. 5,275.) Estimated fair value