Problem $2-17$ Market Value versus Book Value $($LG$2-2)$

$8\mathrm{.}33$

points

$00$:$35$:$45$

Muffin's Masonry Incorporated's balance sheet lists net fixed assets as $$18$ million. The fixed assets could currently be sold for $$27$ million. Muffin's current balance sheet shows current liabilities of $$7\mathrm{.}5$ million and net working capital of $$6\mathrm{.}5$ million. If all the current accounts were liquidated today, the company would receive $$7\mathrm{.}45$ million cash after paying the $$7\mathrm{.}5$ million in current liabilities.

What is the book value of Muffin's Masonry's assets today and the market value of these assets?

Note: Enter your answers in millions of dollars rounded to $2$ decimal places. $($i$.$e$.,$ Enter $5,500,000$ as $5\mathrm{.}50.)$

Answer is complete but not entirely correct.

$\backslash$table$[[,\backslash$table$[[$BOOK VALUE$]]],[,\backslash$table$[[$MARKET$],[$VALUE$]]],[,($in millions of dollars$),]]$