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Copper Homes is to be liquidated. All creditors, both secured and unsecured, are owed P2,000,000. Administrative costs of liquidation and wages payments are expected to

Copper Homes is to be liquidated.  All creditors, both secured and unsecured, are owed P2,000,000.  Administrative costs of liquidation and wages payments are expected to be P500,000.  A sale of assets is expected to bring P3,000,000 after all costs and taxes.  What is the liquidation value of Copper Homes?

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