In its 2014 annual report, Manchester Corp. reports the following:

	2014	2015
Total Revenue	$320,000	$270,000
Property, plant, equipment, gross	25,000	21,000
Asset disposals	0	0

Management has not provided any guidance concerning capital expenditures for 2015. If revenue is forecasted to increase by 10% in 2015, the analyst would most likely forecast 2015 capital expenditures to be:

a) $4,440

b) $4,000

c) $4,400

d) $0

e) None of the above