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Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $9 million. The machinery can be sold to the Romulans today for $8.2 million.

Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $9 million. The machinery can be sold to the Romulans today for $8.2 million. Klingons current balance sheet shows net fixed assets of $6.1 million, current liabilities of $740,000, and net working capital of $218,000. If all the current assets were liquidated today, the company would receive $1 million cash.

What is the book value of Klingons total assets today? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)

What is the market value? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)

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