Building Bashers, Inc. purchased new machinery 6 years ago for $8 million, that can be sold today for $5 million. The company has taken depreciation charges on this machinery totaling $4 million to date. The companys current balance sheet shows current liabilities of $2 million, and net working capital of $1 million. If all the current assets of the company were liquidated today, it would receive $1.5 million cash.

What is the market value of the firm's assets?

Answer Choices:

• $6,500,000

• $13,000,000

• $7,500,000

• $7,000,000

• $5,000,000