Sunland Company must perform an impairment test on its equipment. The equipment will produce the following cash flows: Year 1, $27,000; Year 2, $48,000; Year 3, $57,000. 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, e.g. 5,275.25.)

Value in use

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