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Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $12.5 million. The machinery...

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Accounting

Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $12.5 million. The machinery can be sold to the Romulans today for $11.2 million. Klingons current balance sheet shows net fixed assets of $9.2 million, current liabilities of $807434, and net working capital of $258774. If all the current assets were liquidated today, the company would receive $1.1 million cash.

What is the market value of Klingons total assets today?

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