Purchased new machinerie three years ago for $7 million. The machinery can be sold today for $4.9 million. Current statement of finance position shows net fixed assets of $3.7 million, current liabilities of $1.1 million, and net working capital of $380,000. If all the current assets were liquidated today, the company would receive $1.6 million cash. What is the book value of assets today? What is the market value? Round the answer to 2 decimal point.