An analyst gathers the following information about a company (in $ millions):

	Year 1
Net sales	1,000
Depreciation expense	36
Net PP&E-beginning of year	480
Net PP&E-end of year	530

Forecast assumptions for Year 2:

• net sales growth: 10%
• (depreciation expense / net PP&E beginning of year) ratio to remain constant
• maintenance capital expenditures equal depreciation expense
• growth capital expenditure: 5% of net sales

The forecast total capital expenditure for Year 2 is closest to: