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Hodgkiss Mfg., Inc., is currently operating at only 87 percent of fixed asset capacity. Fixed assets are $366,600. Current sales are $470,000 and projected to

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Hodgkiss Mfg., Inc., is currently operating at only 87 percent of fixed asset capacity. Fixed assets are $366,600. Current sales are $470,000 and projected to grow to $578,046. 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 $26,688 $26,945 $26,688 $26,945 $84,276 $25,662 $24,379

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