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2 . Your firm manufactures cars. Three years ago, your firm purchased a machine for $ 6 million. Unfortunately, you can only sell it for

2. Your firm manufactures cars. Three years ago, your firm purchased a machine for $6 million. Unfortunately, you can only sell it for $5.4 million today. Your firms balance sheet shows net fixed assets equal to $3.5 million, current liabilities equal to $945,000, and NWC equal to $275,000. If current assets and current liabilities were sold in the market today, your firm would receive $1.25 million in cash.

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