Water and Power Co. (W\&P) currently has $575,000 in total assets and sales of $1,400,000. Half of W\&P's total assets come from net assed the rest are current assets. The firm expects sales to grow by 22% in the next year. According to the AFN equation, the amount of additional assets required to support this level of sales is $ W\&P was using its fixed assets at only 92% of capacity last year. How much sales could the firm have supported last year with its current level of fixed assets? $1,597,826$1,521,739$1,750,000$1,445,652 When you consider that W\&P's fixed assets were being underused, its target fixed assets to sales ratio should be % When you consider that W\&P's fixed assets were being underused, how much fixed assets must W\&P raise to support its expected sales for next year? $40,469$35,190$33,431$36,950