QUESTION 3 The Miserly Manufacturing Company's CPO has been tasked with reducing inventory in order to facilitate achieving its CFO's Return on Assets (ROA) objective for the next fiscal year. Inventory investments currently represent 40% of Total Assets. The most recent balance sheet indicates that Total Assets are $750,000. Last fiscal year, Miserly achieved a 5% Profit Margin on $1,312,500 in Annual Sales. ROA was 8.75%. This year the CFO wishes to achieve a 9.27% ROA. What will investment in Inventory have to be in order to achieve this goal? Report your final answer to two decimal places (i.e., the nearest cent). You do not need to include units (i.e., $ signs) or commas