Question: Problem 4 - 1 7 Fixed Assets and Capacity Usage [ LO 1 ] Pinnacle Manufacturing Incorporated is currently operating at only 8 7 percent

Problem 4-17 Fixed Assets and Capacity Usage [LO1]
Pinnacle Manufacturing Incorporated is currently operating at only 87 percent of fixed asset capacity. Current sales are $660,000. Fixed assets are $410,000 and sales are projected to grow to $820,000. How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity.
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
\table[[New fixed assets,$,7310.00]]
Problem 4 - 1 7 Fixed Assets and Capacity Usage [

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