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ABC Incorporated, purchased new cloaking machinery four years ago for $ 4 million. The machinery can be sold to the DEF'S corp today for $

ABC Incorporated, purchased new cloaking machinery four years ago for $4 million. The machinery can be sold to the DEF'S corp today for $3.5 million. ABC's current balance sheet shows net fixed assets of $3 million, current liabilities of $730,000, and net working capital of $228,000. If all the current accounts were liquidated today, the company would receive $1.1 million cash. What is the book value of ABC's assets today?

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