Suppose a company's total revenues for years 2 and 3 were $301,740 and $323,210 respectively. Also suppose that the gross fixed assets (PP&E) had a balance of $117,540 at the end of year 1, $118,630 at the end of year 2, and $119,730 at the end of year 3. If the annual growth in total revenues is 5.30% for the foreseeable future, calculate the forecasted gross fixed asset balance at the end of year 5. Assume the same gross fixed asset turnover in all future years as that in year 3 calculated using the year-end balances. Note that year 3 is the latest year with reported results, while years 4 onwards are all forecasted years.