MC algo 2-2 Market Values Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a building at a cost of $1130,000 that is currently appraised at $1,330,000. The equipment originally cost $610,000 and is currently valued at $357.000 The inventory is valued on the balance sheet at $300,000 but has a market value of only one-half of that amount. The owner expects to collect 97 percent of the $170,200 in accounts receivable. The firm has $11,800 in cash and owes a total of $1,330,000. The legal problems are personal and unrelated to the actual business. What is the market value of this firm? Multiple Choice $683,894 $1,004,094 $1,304,094 go search ORA od S Multiple Choice $683,894 $1,004,094 $1,304,094 $833,894 $507.000