Last year Baron Enterprises had $350 million in sales, and it had $270 million of fixed assets that were used at 65% of capacity last year. Suppose Baron Enterprises is forecasting sales growth of 60% for this year. If existing and new fixed assets are used at 100% capacity, what will be the firms expected fixed-assets turnover ratio for this year?

Group of answer choices

1.99

2.63

2.78

1.78

3.25