Problem:
Klingon Crusiers, Inc., purchased new cloaking machinery three years ago for 9.5 million. The machinery can be sold to the Romulans today for $6.5 million. Klingon's current balance sheet shows net fixed assets of $5.2 million, current liabilities of $2.4 million, and net working capital of $800,000. If all the current assets were liquidated today, the company would receive $2.6 million cash.
Required:
Question 1: What is the book value of Klingon's assets today?
Question 2: What is the market value?
Note: Please provide full description.