Klingon widgets, inc., purchased new cloaking machinery five years ago for $15 million. the machinery can be sold to the romulans today for $14.3 million. klingon’s current balance sheet shows net fixed assets of $12 million, current liabilities of $840,000, and net working capital of $223,000. if all the current assets and current liabilities were liquidated today, the company would receive $1.05 million cash. a. what is the book value of klingon’s total assets today? (enter your answer in dollars, not millions of dollars, e. g., 1,234,567.) b. what is the sum of the market value of nwc and the market value of fixed assets? (do not round intermediate calculations. enter your answer in dollars, not millions of dollars, e. g., 1,234,567.)

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?