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Suppose a company's total store count at the end of years 1, 2, and 3 were 8080, 8400, and 8460 respectively. Also suppose that the

Suppose a company's total store count at the end of years 1, 2, and 3 were 8080, 8400, and 8460 respectively. Also suppose that the gross fixed assets (PP&E) had a balance of $127,840 at the end of year 1, $128,940 at the end of year 2, and $130,050 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.

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