Walter Industries has $4 billion in sales and $1.6 billion in fixed assets. Currently, the company's fixed assets are operating at 90% of capacity. 1. What level of sales could Walter Industries have obtained if it had been operating at full capacity? Round your answer to the nearest cent. $___________________ 2. What is Walter's target fixed assets/Sales ratio? Round your answer to two decimal places. _______________% 3. If Walter's sales increase 12%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio? Round your answer to the nearest cent. $______________