1.Use the following information to calculate the fair market value of invested capital and FMV of equity:

a.FMV of current assets = $500,000

b.FMV of tangible assets = $2,000,000

c.FMV of customer relationships = $5,000,000

d.FMV of trademark = $500,000

e.FMV of goodwill = $10,000,000

f.FMV of current liabilities (including $250,000 current portion of long term debt) = $400,000

g.FMV of long term debt (excluding $250,000 current portion of long term debt reported in current liabilities) = $10,000,000

FMV invested capital = $____________________

FMV of equity = $____________________