Question: please show all work to solve problem. Example (3): Value of Common Stock Coin Flip Co. has total assets of $8 million, total short- and

please show all work to solve problem.

Example (3): Value of Common Stock Coin Flip Co. has total assets of $8 million, total short- and long-term debt of $4.8 million, and $650,000 worth of 9% preferred stock outstanding. a) What is the firm's total book value

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