View Policies Current Attempt in Progress Cullumber Company owns a specialized piece of equipment used in its manufacturing process. Cullumber needs to determine the asset's value in use to test for impairment. Cullumber's management estimates that the equipment will last for another five years and that it will generate the following future cash flows at the end of each year: Year 1 Year 2 Year 3 Year 4 Year 5 $9,000 $10,000 $14,000 $10,000 $7,000 Calculate the value in use using a discount rate of 7%. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and the final answer to O decimal places, e.g. 5,275.) Click here to view Table A.2-PRESENT VALUE OF 1-(PRESENT VALUE OF A SINGLE SUM) Value in use $