Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6.3 million. The machinery can be sold to the Romulans today for $4.3 million. Klingon's current balance sheet shows net fixed assets of $3.05 million, current liabilities of $2.1 million, and net working capital of $480,000. If all the current assets were liquidated today, the company would receive $2 million cash. Required: (a)What is the book value of Klingon's assets today? 8,880,000 (b) What is the market value? 5,632,550 Papa Roach Exterminators, Inc., has sales of $699,000, costs of $205,000, depreciation expense of $42,000, interest expense of $26,000, and a tax rate of 35 percent. If the firm paid out $79,000 in cash dividends. What is the addition to retained earnings? Multiple Choice $197,900 O $223,900 O $239,900 O $178,110 O $265.900