Williamston Widgets has one fixed asset, which it purchased 5 years ago for $5,000,000. It has taken a total of $2,000,000 in Depreciation charges on that asset, and the company has determined that it could be sold today for $2,500,000. The companys balance sheet shows a total of $2,000,000 in Current Liabilities, and the company has $500,000 in Net Working Capital. If all of the companys Current Assets were liquidated today, the company would receive $1,000,000. What is the Book Value of the companys Total Assets?

Multiple Choice

$3,500,000

$4,000,000

$5,500,000

$7,500,000

$4,500,000