Hannah is offering to sell you her healthcare consulting practice. She has been growing it rapidly over the last several years, and it looks like it could continue to grow rapidly for the next several years before stabilizing into a mature, constant growth rate.

Your business broker suggests you consider the book value of Hannahs consulting company. Below is an abbreviated balance sheet for Hannahs business. What is the Book Value of her firm?

Current Assets
Cash and Cash equiv	3,200,000
Short term investments	2,780,000
Accounts Receivable, net	32,000,000
Total Current Assets	37,980,000
Net PPE	6,160,000
Total Assets	44,140,000
Current Liabilities
Accounts Payable	2,140,000
Accrued Salaries and Payroll Taxes	5,000,000
Current Liabilities	7,140,000
Long Term Debt	20,000,000
Total Liabilities	27,140,000
Common Stock	5,000,000
Retained Earnings	12,000,000
Total Liabilities and Owners' Equity	44,140,000

Group of answer choices

13,000,000

15,000,000

17,000,000

20,000,000