XINGHUA 2014 and 2015 Partial Balance Sheets
Assets								Liabilities and Owners Equity
		2014			2015					2014			2015
Current assets	$	924		$	1,002			Current liabilities	$	370		$	428
Net fixed assets		3,917			4,556			Long-term debt		2,006			2,142
								Equity		2,465			2,988

XINGHUA 2015 Income Statement
Sales		$11,295
Costs		5,535
Depreciation		1,020
Interest paid		180

The tax rate is 35%. Long term debt trades at 128% of par. The firm has 500 shares outstanding. Free Cash Flow to the Firm and the Free Cash Flow to Equity are both expected to grow at 2% forever. The weighted average cost of capital is 16%. The cost of equity is 24%.

2. What is the change in gross fixed assets, i.e. capital expenditures, for 2015? $______