Mills Ltd., a manufacturer of various flour products wants to estimate its funding requirements for the coming financial year. In the current financial year, the company achieved sales of R100 million on assets worth R1000 million and liabilities of R500m. Its resulting net profit margin was 10% with no dividend being paid as the company is in a high growth phase. All assets and liabilities are considered spontaneous and increase in line with sales. Sales are expected to grow by 20% in the coming year. Assets are however only utilized up to 80% of total capacity and the spare capacity can be used first before new capacity is installed.

Required: Determine the amount of funds the company will require in the coming year.