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 $1,300,000 that is currently appraised at $1,500,000. The equipment originally cost $780,000 and is currently valued at $527,000. The inventory is valued on the balance sheet at $470,000 but has a market value of only one-half of that amount. The owner expects to collect 98 percent of the $255,200 in accounts receivable. The firm has $11,100 in cash and owes a total of $1,500,000. The legal problems are personal and unrelated to the actual business. What is the market value of this firm?