1. Southern Mfg., Inc., is currently operating at only 92 percent of fixed asset capacity. Current sales are $820,000. Fixed assets are $490,000 and sales are projected to grow to $900,000. How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity. (Do not round intermediate calculations and round your answer to 2 decimal places)
2. A certain mutual fund has assets totaling 26.0 million dollars. There are a total of 887164 shares on the market, and the fund charges a 4.9% load. If I want to invest $7701 in this fund, how many shares can I afford to buy?