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XYZ , Inc., purchased new machinery three years ago for $ 5 million. It can be sold to AAA Co . today for $ 3

XYZ, Inc., purchased new machinery three years ago for $5 million. It can be sold to AAA Co. today for $3.5 million. XYZ's current balance sheet shows net fixed assets of $2.2 million, current liabilities of $800,000, and net working capital of $230,000. If the current assets and current liabilities were liquidated today, the company would receive a total of $1.2 million cash.1. What is the book value of XYZ's total assets today?2. What is XYZ's market value today?

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