Juan's Inc., purchased new cloaking machinery three years ago for $6.3 million. The machinery can be sold to the Nick's today for $4.55 million. Juan's current balance sheet shows net fixed assets of $3 million, current liabilities of $2 million, and net working capital of $420,000. If all the current assets were liquidated today, the company would receive $1.4 million cash.

Required:
(a)	What is the book value of Juan's assets today?
	(Click to select) 4,550,000 5,420,000 6,970,000 3,000,000 8,720,000

(b)	What is the market value?
	(Click to select) 1,400,000 4,550,000 6,970,000 5,422,550 5,950,000