Sweet Company ownsa trade name that was purchased in an acquisition of McClellan Company. The trade name has a book value of $3,500,000, but according to GAAP it is assessed for impairment on an annual basis. To perform this impairment test, Sweet must estimate the fair value of the trade name. It has developed the following cash flow estimates related to the trade name based on internal information. Each cash flow estimate reflects Sweet's estimate of annual cash flows over the next 10 years. The trade name is assumed to have no salvage value after the 10 years. (Assume the cash Nows occur at the end of eachyear) Clickehere to view factor tables (a) What is the estimated fair value of the trade name? Sweot determines that the aporopriate discount rate for this eitimation is 10x (Reund factor values to 5 decimal ploces, es. 1.25124 and finat answer to 0 decimal places, e.s. 458.581.) Estimated fair value 5