Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6.2 million. The machinery can be sold to the Romulans today for $4.65 million. Klingon's current balance sheet shows net fixed assets of $2.8 million, current liabilities of $1.8 million, and net working capital of $470,000. If all the current assets were liquidated today, the company would receive $1.1 million cash.

Required:
(a)	What is the book value of Klingon's assets today?

(b)	What is the market value?