The owner of Fred's Electronics is trying to sell the business. The company built a building four years ago at a cost of $2.2 million. The building is currently appraised at $2.46 million. The firm's equipment originally cost $1.2 million and is currently valued at $700,000. The inventory is listed on the statement of financial Sosition at $150,000 but is only worth $125,000. The owner expects to collect 90% of the $300,000 in accounts receivable. The firm has $14,000 in cash and has otal debt of $3.1 million. What is the market value of this firm? Multiple Choice $455,000 $469,000 $524,000 $504,000