3. Excess capacity adjustments als Water and Power Co. (W&P) currently has 5490,000 in total assets and sales of $1,820,000. Half of WAP's total assets come from net fixed assets, and the rest are current assets. The firm expects sales to grow by 22% in the next year. According to the AFN equation, the amount of additional assets required to support this level of sales is $ W&P was using its fixed assets at only 92% of capacity last year. How much sales could the firm have supported last year with its current level of fixed assets? $1,780,435 $1,978,261 $1,879,348 $2,077,174 ory When you consider that was fixed assets were being underused, its target fixed assets to sales ratio should be When you consider that was fixed assets were being underused, how much fixed assets must wap raise to support its expected sales for next year? $28,489 $31,487 $29,988 $26,989