Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $15 million. The machinery can be sold to the Romulans today for $14.1 million. Klingon's current balance sheet shows net fixed assets of $12 million, current liabilities of $860,000, and net working capital of $224,000. If all the current assets and current liabilities were liquidated today, the company would receive $1.06 million cash. a. What is the book value of Klingon's total assets today
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