Big Test Inc. had sales last year of $$100$mm$.$ Sales are expected to grow $20\%$ next year. To support the new sales level, the production manager has indicated that fixed assets will need to increase by $$30$mm$.$ Last year's balance sheet showed the following:

Current assets $=$ $$20$mm

Fixed assets $=$ $$90$mm

Accounts Payable $=$ $$10$mm

Notes Payable $=$ $$20$mm

Long$-$term Liabilities $=$ $$30$mm

Common Stock $=$ $$20$mm

Retained Earnings $=$ $$30$mm

Given this data, what is the forcast level of Accounts Payable for next year? $($Note: use the standard assumptions from lecture$)$

$$24$mm

$$11$mm

$$12$mm

$$10$mm