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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 15 similar

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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 15 similar in percentage of sales to that of previous years (and this will continue in the future) All assets (including fixed assets) and current liablities will vary directly with sales. The firm is working at full capacity. Owen's Electronics has an aftettax profit margin of 10 percent and a dividend payout ratio of 60 percent It sales grow by 25 percent next year. determine how many dollars of new funds are needed to finance the growth (Do not round intermedinte calculotions. Enter your answer in dollars, not millions, (e,9.41,234,567).}

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