You have been asked to value Pacific Corporation, Inc., using an excess earnings method, given the following information: Working capital balance = $2,000,000 Fair value of fixed assets = $5,500,000 Book value of fixed assets = $4,000,000 Normalized earnings of firm = $1,000,000 Required return on working capital = 5.0 percent Required return on fixed assets = 8.0 percent Required return on intangible assets = 15.0 percent Weighted average cost of capital = 10.0 percent Long-term growth rate of residual income = 5.0 percent Based on this information: What is the value of Pacifics intangible assets?