Big Test Ine 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: Current assets - $20mm . Fixed assets - 590mm Accounts Payable" $10mm Notes Payable - $20mm o Long-term Liabilities - $30mm Common Stock $20mm Retained Earnings $30mm Assuming net margin will be 7% and that the dividend payout ratio will be 40%, what is the firm's DEN? BEWARE OF THE CHANGE IN ASSUMPTIONS FROM PREVIOUS PROBLEM! (Note: use the standard assumptions from lecture) $16.96mm B $28.64mm $29.60mm $26.96mm