If 2017 sales are expected to be 701647, calculate research and development expense for 2017. Use 2016 financial data as the basis for this calculation, assuming that research and development expense as a percentage of sales will remain the same in 2017 as 2016.

Note: Round any percentages to two decimal places before using them to determine the final answer.

Balance Sheet for iRobot All numbers in thousands 12/31/16 12/31/15 Cash Short Term Investments 214,523 179,915 33,124 72,909 104,679 452 9,082 0 52,596 9,501 383,670 389,349 26,850 1,04148,751 15,664 41,129 521,743 39,930 139 4,717 0 45,861 5,591 Unbilled Revenue Raw Materials Work in Process Finished Goods Other Current Assets Total Current Assets PP&E Goodwill Intangible Assets Other assets 27,532 12,207 43,462 507,912 61,655 15,954 15,752 3,265 96,626 7,706 162,016 232,400 226,950185,011 417,411 507,912 521,743 67,281 19,854 21,015 4,486 112,636 6,310 Accrued Expenses Salaries Payable Unearned Revenue Total Current Liabilities Long Term Liabilities Common Stock Retained Earnings Total Stockholder's Equity Total Liab & SE 388,966 Income Statement for iRobot COGS Gross Margin 660,604 616,778 341,289 327,852 319,315 288,926 Operating Expenses Research and Development Selling & Marketing General and Admin 79,805 115,125 66,828 261,758 76,071 97 ,772 54,465 228,308 Total Operating Expenses Operating Income Other income 7,55760,618 2,353 62,971 3,804 61,361 19,422 41,939 2,943 Income Before Taxes 18,841 44,130 2,436 Income Tax Expense Net Income Units Shipped (sold)