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Big Test Inc had sales last year of S100mm. Sales are expected to grow 20% next year. To support the new sales level, the production

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Big Test Inc had sales last year of S100mm. 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: Current assets - 520mm Fixed assets - $90mm Accounts Payable - S10mm Notes Payable - 520mm Long-term Liabilities - $30mm Common Stock - $20mm Retained Earnings - $30mm Given this data, what is the forcast level of total financing need? (Note: use the standard assumptions from lecture) 5110mm 5140mm $132mm $144mm

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