part business combination mother ryan company acquired customer list and franchise agreement

As part of a business combination, Mother Ryan company acquired a customer list and a franchise agreement.  Mother Ryan uses the expected cas flow approach for extimating the fair value of these two intangibles.  The appropriate interest rate is 8%.  The potential future cash flows from the two intangibiles, and their associated probabilities, are as follows:
Customer List
Outcome 1 17% probability of cash flows of $40,000 at the end of each year for five years
Outcome 2 29% probability of cash flows of $18,000 at the end of each year for four years
Outcome 3 54% probability of cash flows of $9,000 at the end of each year for three years
Franchise Agreement
Outcome 1 15% probability of cash flows of $450,000 at the end of each year for 10 years
Outcome 2 19% probability of cash flows of $12,000 at the end of each year for four years
Outcome 3 66% probability of cash flows of $500 at the end of each year for three years
Using the expected cash flow approach, estimate the fair value of the customer list and of the franchise agreement.  Round your calculations to the nearest whole dollar.
Total estimated fair value of the customer list   $______________
Total estimated fair value of the franchise agreement $________________

 
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