Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.5 million. The machinery can be sold to the Romulans today for $6.7 million. Klingons current balance sheet shows net fixed assets of $3.3 million, current liabilities of $760,000, and net working capital of $135,000. If all the current assets were liquidated today, the company would receive $875,000 cash. (Enter your answer as directed, but do not round intermediate calculations.) Requirement 1: What is the book value of Klingons total assets today? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)

Total asset book value $

Requirement 2: What is the market value of Klingon's total assets? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)

Total asset market value $