Due current economic uncertainty, the owners of BoTi ltd have decided to sell their business and to

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Due current economic uncertainty, the owners of BoTi ltd have decided to sell their business and to value it using the liquidation approach. The book value of equity is €7.25m. Advisors have indicated that the liquidation value of the company's assets is €2.1m below the book value, and that the book value of liabilities is €1.6m higher than that recorded in the firm's accounts. These advisors have invoiced the company €70,000 for their services

Calculate liquidation value of BoTi ltd.