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. Assets Cash Accounts receivable Inventory Current assets Fixed assets Total assets Balance Sheet (in $ millions) New funds Liabilities and Stockholders' Equity $ 6 Accounts payable 23 Accrued wages 26 Accrued taxes $ 55 41 Current liabilities Notes payable Common stock Retained earnings $ 96 Total liabilities and stockholders' equity $ 17 5 11 $ 33 Next 13 Owen's Electronics has an aftertax profit margin of 8 percent and a dividend payout ratio of 40 percent if sales grow by 25 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).) 18 32 $ 95