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* Valentino Leather, Inc. purchased new tannery machinery three years ago for $ 6 MM . The machinery can be sold today for $ 5

*Valentino Leather, Inc. purchased new tannery machinery three years ago for $6MM. The machinery can be sold today for $5.1MM. Valentinos current balance sheet shows next fixed assets of $3.4MM, current liabilities of $895,000 and net working capital of $235,000. If the current assets and current liabilities were liquidated today the company would receive $1.15MM in cash. What is the Book Value Per Share of Valentinos total assets today assuming there were 600,000 shares in the float?

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