Native Corporation has determined that one of its finite−life intangible assets is impaired. The​ asset's net carrying value on the date of impairment is​ $1,250,000. In order to estimate​ impairment, the company uses the discounted cash−flow model. The company projects the​ asset's future cash flows as​ follows:

a) $1,150,000
b) $100,000
c) $1,250,000
d) $1,000,000