Hodgkiss Mfg., Inc., is currently operating at only 80 percent of fixed asset capacity. Fixed assets are $410,800. Current sales are $520,000 and projected to grow to $728,000. How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity.

Hodgkiss Mfg., Inc., is currently operating at only 80 percent of fixed asset capacity. Fixed assets are $410,800. Current sales are $520,000 and projected to grow to $728,000. How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity. Multiple Choice $51,268 $49,296 $51,761 $46,831 0 $164,320