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The Jeffries Co has a machine can be sold for $15 million today. The firm's current balance sheet shows net fixed assets of $8 million,
The Jeffries Co has a machine can be sold for $15 million today. The firm's current balance sheet shows net fixed assets of $8 million, current liabilities of $3 million, and a net-working capital of $2.2 million. If all the current assets were liquidated today, the company would receive $6.75 million cash. Calculate the book value of the firm's assets. (Enter your answer as e.g. 4,400,000, not 4.4 m)
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