Your client, Keith Monty Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of 27 years. Monty has an investment cost of $422, 800 in the machine, which has a useful life of 27 years and no salvage value at the end of that time. Your client is interested in earning an 12% return on its investment and has agreed to accept 27 equal rental payments at the end of each of the next 27 years. You are requested to provide Monty with the amount of each of the 27 rental payments that will yield an 12% return on investment. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458, 581.) Amount of each rental payments Vaughn Company owns a 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, Vaughn 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 Vaughn's estimate of annual cash flows over the next 11 years. The trade name is assumed to have no salvage value after the 11 years. (Assume the cash flows occur at the end of each year.) What is the estimated fair value of the trade name? Vaughn determines that the appropriate discount rate for this estimation is 11%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458, 581.) Estimated fair value