Sheridan Company must perform an impairment test on its equipment. The equipment will produce the following cash flows: Year 1.5 38,000; Year 2. $ 47,000; Year 3, $ 59,000. The discount rate is 10%. What is the value in use for this equipment (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, eg 5,275.25.)