Problem 2-17 Market Value versus Book Value (LG2-2) Muffins Masonry, Inc.s balance sheet lists net fixed assets as $22 million. The fixed assets could currently be sold for $35 million. Muffins current balance sheet shows current liabilities of $9.5 million and net working capital of $8.5 million. If all the current accounts were liquidated today, the company would receive $7.65 million cash after paying the $9.5 million in current liabilities.

What is the book value of Muffins Masonrys assets today and the market value of these assets? (Enter your answer in millions of dollars rounded to 2 decimal places.)