Suppose a company's total store count at the end of years 1, 2, and 3 were 7950, 8269, and 8328 respectively. Also suppose that the gross fixed assets (PP&E) had a balance of $125,780 at the end of year 1, $126,878 at the end of year 2, and $127,986 at the end of year 3. If the company adds 72 new stores in year 4, calculate the forecasted gross fixed asset balance at the end of year 4. Assume the same gross fixed asset balance per store 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.

Question 16 options:

	$122,638
	$125,865
	$129,093
	$132,320
	$135,547