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Hodgkiss Mfg., Incorporated, is currently operating at only 87 percent of fixed asset capacity. Fixed assets are $392,700. Current sales are $510,000 and projected to

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Hodgkiss Mfg., Incorporated, is currently operating at only 87 percent of fixed asset capacity. Fixed assets are $392,700. Current sales are $510,000 and projected to grow to $685,862. 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 $69,429 $70,097 $63,421 $66,759

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