Dan Woods, a finance officer at Middlebrook Corp., is attempting to forecast next year's income statement and balance sheet. Current sales are R565,000 and are expected to increase 15% next year. The majority of the firm's operating expenses are expected to increase, including the amortization expense which will increase to R135,400. The increase is due to the planned purchase of new equipment costing R287,000. Currently the firm has total net fixed assets of R847,000. What will be the value of net fixed assets in the forecasted year?