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 550mm. Last year's balance sheet showed the following: Current assets - 520mm Fixed assets - 590mm Accounts Payable 510mm Notes Payable = $20mm . Long-term Liabilities $50mm . Common Stock-$20mm Retained Earnings $30mm Given this data, what is the forcast level of Accounts Payable for next year? (Note: use the standard assumptions from lecture) $24mm 511mm $10mm 512mm