Hodgkiss Mfg., Inc., is currently operating at only 94 percent of fixed asset capacity. Current sales are $500,000. Fixed assets are $400,000 and sales are projected to grow to $740,000. How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answer is complete but not entirely correct.

New fixed assets

$226,040.00selected answer incorrect