Stansfield Corporation Income Statement ($ in millions)

Sales $300 Costs250 EBT$50 Taxes (34%)17 Net income$33 Retained earnings22 Dividends11

Stansfield Corporation Balance Sheet ($ in millions) Cash$5 Accounts Payable$40 Accounts receivables40 Notes payable30 Inventory65 Current liabilities$70 Current assets$110 Long-term debt155 Net plant & equip.290 Common stock75 Retained earnings100 Total assets$400 Total liab. &equity$400

Assume Stansfield Corporation is utilizing its fixed assets at 90% capacity. Assume costs, current liabilities, and current assets vary directly with sales, and that the dividend payout ratio remains unchanged. If sales increase by 20%, what will total fixed assets be?