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Last year KRJ International Corporation reported gross property, plant, and equipment of $9,694 million. It also reported total sales of $4,321 million and total capital
Last year KRJ International Corporation reported gross property, plant, and equipment of $9,694 million. It also reported total sales of $4,321 million and total capital expenditures of $519 million. If new capital expenditures are assumed to be directly linked to the level of sales, and sales are expected to grow by 5% this year, how much will the company have in total gross property, plant, and equipment at the end of the year? Assume that no assets are expected to be sold during the year.
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