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There is no active market for retirement obligations such as these, but Windsor has developed the following cash flow estimates based on its prior experience

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There is no active market for retirement obligations such as these, but Windsor has developed the following cash flow estimates based on its prior experience in mining-site restoration. It will take 3 years to restore the mine site when mining operations cease in 10 years. Each estimated cash outflow reflects an annual payment at the end of each year of the 3-year restoration period. Restoration Estimated Cash Outflow $14,040 22,830 24,670 28,900 Probability Assessment 10% 30% 50% 10% Click here to view factor tables What is the estimated fair value of Windsor's asset retirement obligation? Windsor determines that the appropriate discount rate for this estimation is 5%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to decimal places, eg. 458,581.) Estimated fair value of Windsor's asset retirement obligation $

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