ABC purchase three pieces of equipment from XYZ for $400,000. Given the following information, calculate the purchase price of the assets using the relative fair value method.

Information on XYZ's Assets Fair Market Equipment Item Book Value Value Item 1 275,000 $ 233,750 Item 2 85,000 72,250 Item 3 150,000 127,500 Totals 510,000 $ 433,500