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Problem 1: Using the forecast information given below what is capital expenditure for year 2?
Historical net PP&E balance (end Year 0) 15,400.0
Capital expenditure during year 1 1,170.4
Depreciation expense % of beginning net PP&E 7.0%
Sales - year 1 29,260.0
Sales - year 2 30,723.0
Net PP&E balance (end Year 2) 15,790.5
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