Suppose a company's total revenues for years 2 and 3 were $342,200 and $363,950 respectively. Also suppose that the gross fixed assets (PP&E) had a balance of $131,960 at the end of year 1, $133,064 at the end of year 2, and $134,178 at the end of year 3. If the annual growth in total revenues is 6.98% for the foreseeable future, calculate the forecasted gross fixed asset balance at the end of year 4. Assume the same gross fixed asset turnover in all future years as that in year 3 calculated using the average asset balances. Note that year 3 is the latest year with reported results, while years 4 onwards are all forecasted years. $147,925 $151,717 $155,510 $159,303 $163,096