The 2023 financial statements for Happy Valley Plastics, Inc. are presented below. The firm plans to increase sales by 1.8% during 2024. The firm's existing Long-term bonds will not be paid down during the year, so interest expense is expected to remain the same. No other information is provided. What level of inventory do you project the firm to hold at the end of 2024? Report your answer in dollars and cents. FIN401 Happy Valley Plastics, Inc. Exam Three Balance Sheet Cash 12/31/2023 160,000.00 Receivables 360,000.00 Inventory 720,000.00 Total Current Assets 1,240,000.00 Net Fixed Assets 3,000,000.00 Total Assets 4,240,000.00 Accounts Payable Line of Credit Accruals 360,000.00 200,000.00 Total Current Liabilities 560,000.00 Long-term Bonds 1,000,000.00 Common Stock 1,100,000.00 Retained Earnings 1,580,000.00 Total Liabilities & Equity 4,240,000.00 AFN (external) Cumulative AFN Income Statement 12/31/2023 Sales 3,900,000.00 Operating Costs 3,200,000.00 EBIT 700,000.00 Interest 120,000.00 EBT 580,000.00 Taxes (25) 145,000.00 Net Income 435,000.00 Dividends 190,000.00 Additions to Ret. Earn. 245,000.00 DPS 1.90 No. Common Shares 100,000.00 Answer: