The Piper Co purchased a new machine 4 years ago at $10 million. The machine can be sold for $4.75 million today. The firm's current balance sheet shows a net fixed assets of $2.65 million, current liabilities of $1.25 million, and a net working capital of $500,000. If all the current asset were liquidated today, the company would receive $2.15 million cash. Calculate the book value of the firms assets.