Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $7.4 million. The machinery can be sold to the Romulans today for $4.15 million. Klingon's current balance sheet shows net fixed assets of $3.45 million, current liabilities of $1.6 million, and net working capital of $540,000. If all the current assets were liquidated today, the company would receive $1.3 million cash. Calculate the Book Value and Market Value of current assets and net fixed assets.
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