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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 is 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 is similar in percentage of sales to that of prevlous 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 9 percent and a dividend payout ratio of 40 percent. If sales grow by 15 petcent next year, determine how many dollars of new funds are needed to finance the growth. (Do not round intermediote caleutations. Enter your answer in dollem, not millions, (0,9., 51,234,567)

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