Owen's Electronics has 9 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. Owen's has an aftertax profit margin of 7 pereent and a dividend payout ratio of 40 pereent. If sales grow by 10 percent next year, determine how many dollars of new funds are needed to finance the growth. Part \#2: Capital Budgeting. 1- Which of the following investment rules does not use the time value of the money concept? a. The payback period b. Internal rate of return c. Net present value d. All of the options use the time value concept