Big Test Inc. had sales last year of $100mm. 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 $30mm. Last year's balance sheet showed the following: = o Current assets = $20mm o Fixed assets = $90mm Accounts Payable = $10mm Notes Payable = $20mm Long-term Liabilities = $30mm Common Stock = $20mm Retained Earnings = $30mm O = Assuming net margin will be 5% and that the retention ratio will be 40%, what is the firm's DFN? BEWARE OF THE CHANGE IN ASSUMPTIONS FROM PREVIOUS PROBLEM! (Note: use the standard assumptions from lecture)