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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 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 516 Assets Cash Accounts receivable Inventory Current assets. Faxed assets Balance Sheet (ans millions) Liabilities and Steckholders! Equity $11 Accounts payable 25 Accrued wages 28 Accrued taxes 564 Gurrent liabilities 46 Notes payable Common stock Retained earnings $110 Total liabilities and stockholders equity 10 54 12 16 5110 Total assets Owen's Electronics has an aftertax profit margin of 10 percent and a dividend payout ratio of 60 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, (0.9., 51,234,567).) New funds

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