Use the below information to answer the following question.

Income Statement
For the Year
Sales	$36,200
Cost of goods sold	27,900
Depreciation	2,950
Earnings before interest and taxes	$ 5,350
Interest paid	1,180
Taxable income	$ 4,170
Taxes	1,270
Net income	$ 2,900
Dividends $870

Balance Sheet
End-of-Year
Cash	$ 350
Accounts receivable	3,150
Inventory	8,300
Total current assets	$11,800
Net fixed assets	27,600
Total assets	$39,400
Accounts payable	$ 3,950
Long-term debt	14,700
Common stock ($1 par value)	12,500
Retained earnings	8,250
Total Liab. & Equity	$39,400

This firm is currently operating at 96 percent of capacity. What is the required increase in fixed assets if sales are projected to increase by 14 percent? include the formula