Owen$$s Electronics has nine operating plants in seven southwestern states. Sales for last year were $$100$ million, and the balance sheet at year$-$end is similar in percentage of sales to that of previous years $($and this will continue in the future$).$ All assets $($including fixed assets$)$ and current liabilities will vary directly with sales. The firm is working at full capacity.

Balance Sheet

$($in $ millions$)$

Assets Liabilities and Stockholders' Equity

Cash $ $8$ Accounts payable $ $20$

Accounts receivable $23$ Accrued wages $4$

Inventory $25$ Accrued taxes $10$

Current assets $ $56$ Current liabilities $ $34$

Fixed assets $44$ Notes payable $14$

Common stock $18$

Retained earnings $34$

Total assets $ $100$ Total liabilities and stockholders' equity $ $100$

Owen$$s has an aftertax profit margin of $7$ percent and a dividend payout ratio of $45$ percent.

If sales grow by $20$ percent next year, determine how many dollars of new funds are needed to finance the growth. $($Do not round intermediate calculations. Enter your answer in dollars, not millions, $($e$.$g$.,$ $$1,234,567).)$