PrivCo Inc. is a small private firm with a book value of assets of $550,000 and liabilities of $250,000. Its assets include property listed at a cost of $80,000 but with a recently assessed market value of $125,000. In addition, PrivCo has $60,000 of inventory that is entirely obsolete and has no liquidation value. Other assets are deemed to have liquidation values close to book values. Estimate the value of PrivCos equity based on the book value of equity plus