Silent Co. acquires 80% controlling interest in Peaceful Co. for $1.2M. Peaceful's Co. identifiable assets and liabilities have fair values of $3.3M and $1.7M, respectively. Included in Peaceful's assets is a web press machine with fair value of $900,000 which Silent Co. intends to sell immediately. The machines qualifies for classification as 'held for sale'. The costs to sell are $150,000. Silent Co. opts to measure the non-controlling interest at fair value. How much is the goodwill? (Assume the fair value of NCI is equal to the grossed-up value of the consideration transferred multiplied by the percentage.)