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Suppose a company's total store count at the end of years 1, 2, and 3 were 7430, 7745, and 7800 respectively. Also suppose that the

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Suppose a company's total store count at the end of years 1, 2, and 3 were 7430, 7745, and 7800 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 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. $111,773 $114,793 $117,814 $120,835 $123,856

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