Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $12 million. The machinery can be sold to the Romulans today for $10.8 million. Klingons current balance sheet shows net fixed assets of $10 million, current liabilities of $850,000, and net working capital of $249,000. If all the current assets were liquidated today, the company would receive $1.16 million cash.

What is the book value of Klingons total assets today? What is the market value?