A company's assets consist of $64,783 of cash, $106,743 of accounts receivable, $264,476 of inventory, and $845,982 of plant and equipment. Its liabilities consist of $58,432 of accounts payable, $23,876 of accruals, and $648,423 of long-term debt. The company's annual sales are $1,578,993, its earnings before interest and taxes are $157,899, it paid $58,358 of interest, and its tax rate is 30%. What is the company's fixed asset turnover? 1) 2.5 2) 1.9 3) 0.8 4) 1.6 5) 3.1