Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6.4 million. The machinery can be sold to the Romulans today for $4.7 million Klingon's current balance sheet shows net fixed assets of $3.35 million, current liabilities of $2.2 million, and net working capital of $550,000. If all the current assets and current liabilties were liquidated today, the company would receive $1.25 million cash. a. What is the book value of Klingon's total assets today? $6,100,000 $7,450,000 $9,150,000 $3,350,000 $4,700,000 b. What is the sum of the market value of NWC and market value of fixed assets? $5,950,000 $7,450,000 $1,250,000 $4,700,000 $6,102,550 Griffin's Goat Farm, Inc., has sales of $604,000, costs of $225,000, depreciation expense of $46,000, interest expense of $28,000, and a tax rate of 24 percent. What is the net income for this firm? Multiple Choice $305,800 $231,800 $160,040 $259,800 $277,800