Nimoy Inc., purchased their only fixed asset, a widget machine, four years ago for $6 million. The same machinery can be sold today to Shatner Inc. for $4 million. Nimoy's current balance sheet shows net fixed assets of $3.55 million and current liabilities of $1.6 million. If all the current assets were liquidated today, the company would receive $1.7 million cash. Use the balance sheet identity to determine the current market value of Nimoy's equity (common & preferred) given that the market value of total liabilities is $1,425,000.

A) 4,275,000

B) 6,140,000

C) 1,700,000

D) 5,700,000 ( I tried this answer in a previous attempt & it was incorrect)

E) 8,140,000