Owens 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	$	12	Accounts payable	$	25
Accounts receivable		30	Accrued wages		12
Inventory		33	Accrued taxes		18
Current assets	$	75	Current liabilities	$	55
Fixed assets		50	Notes payable		20
			Common stock		25
			Retained earnings		25
Total assets	$	125	Total liabilities and stockholders' equity	$	125

Owens has an aftertax profit margin of 10 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 millions, (e.g., $1,234,567).)

New funds

$