Joes Tree Service bought new machines 3 years ago for $600,000. The machines can be sold today to his brothers company Sams Tree Service for $430,000.

Joes current statement of financial position shows his next fixed assets of $380,000, current liabilities of $720,000, and net working capital of $250,000.

If all Joes assets were liquidated today he would receive $1,000,000.

a. What is the book value of Joes company?

b. What is the market value of Joes company?