imoy Inc., purchased their only fixed asset, a widget machine, four years ago for $7.4 million. The same machinery can be sold today to  Shatner Inc. for $4.6 million. Nimoy's current balance sheet shows net fixed assets of $3.6 million and current liabilities of $1.9 million. If all the current assets were liquidated today, the company would receive $1.8 million cash.

  Use the balance sheet identity to determine the current market value of Nimoy's total liabilities (current & long-term) given the market value of equity is $4,800,000.

This is a multiple choice question. The options are listed below.

A) 1,800,000

B) 6,400,000

C) 7,010,000

D) 9,810,000

E) 1,600,000