Jake owns The Corner Market which he is trying to sell so that he can retire and travel. The Corner Market owns the building in which it is located. This building was built at a cost of $1,200,000 and is currently appraised at $1,470,000. The counters and fixtures originally cost $727,000 and are currently valued at $440,000. The inventory is valued on the balance sheet at $371,000 and has a retail market value equal to 1.2 times its cost. Jake expects the store to collect 97 percent of the $201,100 in accounts receivable. The firm has $10,400 in cash and has total debt of $1,420,000. What is the market value of the firm's equity? $1217567 $1,140,667 $1,016,467 $885,200 O $1,588,567