How much should the firm budget for fixed asset purchases, Financial Management

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How much should the firm budget for fixed asset purchases

Dawson Metals is currently operating at 94% of its capacity and has sales of $3.1 million and fixed assets of $2.8 million. How much should the firm budget for fixed asset purchases if sales are projected to increase by 9% next year?

Could you please show the formula and procedure used?

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Financial Management: How much should the firm budget for fixed asset purchases

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Financial Management: How much should the firm budget for fixed asset purchases

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