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. $ Assets Cash Accounts receivable Inventory Current assets Fixed assets / Balance Sheet (in $ millions) Liabilities and Stockholders' Equity 4 Accounts payable 25 Accrued wages 24 Accrued taxes $ 53 Current liabilities 42 Notes payable Common stock Retained earnings $ 95 Total liabilities and stockholders' equity $ 19 7 12 $ 38 13 18 26 Total assets $ 95 Owen's has an aftertax profit margin of 9 percent and a dividend payout ratio of 60 percent. If sales grow by 20 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).) New funds