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.

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

Owen's 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 dollars, not millions, (e.g., $1,234,567).)