Water and Power Co. (W&P) currently has $610,000 in total assets and sales of $1, 720,000. Half of W&P's total assets come from net fixed assets, and the rest are current assets. The firm expects sales to grow by 21% 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 94% of capacity last year. How much sales could the firm have supported last year with its current level of fixed assets? $1, 463, 830 $1, 646, 808 $1, 921, 276 $1, 829, 787 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? $46, 098 $44,002 $48, 193 $41, 907