Starburst Manufacturing Reports the Following Long-Term Assets for Its Lighting

Starburst Manufacturing reports the following long-term assets for its lighting division: $\begin{array}{|l|r|r|} \hline& \text { Carrying value } & \begin{array}{c}\text { Estimated fair } \\\text { value }\end{array} \\\hline \text { Factory building (shared with other divisions) } & \$ 2,500,000 & \\\hline \text { Less: Accumulated depreciation } & (1,000,000 & \\\hline \text { Net book value } & \$ 1,500,000 & \$ 3,800,000 \\\hline \text { Land } & \$ 1,750,000 & \$ 3,500,000 \\\hline \text { Manufacturing equipment for lighting division } & \$ 525,000 & \\\hline \text { Less: Accumulated depreciation } &(150,000 ) & \\\hline \text { Net book value } & \$ 375,000 & \$ 340,000 \\\hline \text { General factory equipment (used in several } & \\\text { divisions) } &\$ 1,600,000 & \\\hline \text { Less: Accumulated depreciation } &(900,000 ) \\\hline \text { Net book value } & \$ 700,000 & \$ 650,000\\\hline\text { Total net fixed assets }& \$ 4,325,000\\ \hline\end{array}$

As a result of new technology, Starburst believes that the lighting division's equipment in their manufacturing facility is nearly obsolete. They project the following future cash flows for the lighting division's operations:
Future period Cash-flow projection
Year 1 $50,000
Year 2 $35,000
Year 3 $20,000
Year 4 $12,000
Year 5 $6,000
What is the impairment loss, if any, for the appropriate asset group, assuming a discount rate of 8%? (Use spreadsheet software or a financial calculator to calculate your answer.)

A) $105,084
B) $269,916
C) $0
D) $375,000