5. Corin, a private limited company, has acquired 100% of Coal, a private limited company, on January 1, 2005. The fair value of the purchase consideration was $10 million ordinary shares of $1 of Corn, and the fair value of the net assets acquired was $7 million. At the time of the acquisition, the value of the ordinary shares of Corin and the net assets of Coal were only provisionally determined. The value of the shares of Corn ($11 million) and the net assets of Coal ($7.5 million) on January 1, 2005, were finally determined on November 30, 2005. However, the directors of Corin have seen the value of the company decline since January 1, 2005, and as of February 1, 2006, wish to change the value of the purchase consideration to $9 million. What value should be placed on the purchase consideration and net assets of Coal as at the date of acquisition