The free-body diagram for the sheet can be drawn as:

Here, \({F_{\rm{T}}}\) is the tension force on each side.
Now, apply the force equilibrium condition along the vertical direction.
\(\begin{array}{c}\sum {F_{\rm{y}}} = 0\\{F_{\rm{T}}}\sin \theta + {F_{\rm{T}}}\sin \theta - mg = 0\\{F_{\rm{T}}}\sin \left( {3.5^\circ } \right) + {F_{\rm{T}}}\sin \left( {3.5^\circ } \right) - \left( {0.75\;{\rm{kg}}} \right)\left( {9.8\;{{\rm{m}} \mathord{\left/{\vphantom {{\rm{m}} {{{\rm{s}}^{\rm{2}}}}}} \right.} {{{\rm{s}}^{\rm{2}}}}}} \right) = 0\\{F_{\rm{T}}} = 60.1\;{\rm{N}} \approx 60\;{\rm{N}}\end{array}\)
Thus, the tension in the clothesline on either side of the sheet is \(60\;{\rm{N}}\).
So, according to the result, \(60\;{\rm{N}}\) tension is higher than the \({\rm{7}}{\rm{.35}}\;{\rm{N}}\) weight because of the small angle.
Only the vertical components of the tension support the sheet. Since the angle is small, the tension must be greater to have a large enough vertical component to keep the sheet up.