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Boca Widgets, Incorporated, purchased new machinery five years ago for $8 million. The machinery can be sold today for $3.9 million. Boca's current balance sheet
Boca Widgets, Incorporated, purchased new machinery five years ago for $8 million. The machinery can be sold today for $3.9 million. Boca's current balance sheet shows net fixed assets of $2.5 million, current liabilities of $700,000, and net working capital of $205,000. If the current assets and current liabilities were liquidated today, the company would receive a total of $1.64 million cash. What is the market value of the firm's assets? $6,320,000
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