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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 fuxed assets) and current liabilities will vary directly with sales. The fem is working at ful capacity. 5 6 Accounts payable S 17 23 Accrued wages Gurrent assets Fleed assets Cument labines 41Notes payable 13 18 Common slock 96 Total labiies and stockholders' equity Owen's has an atertax prolit margin of 8 peroent and a dividend payout ratio of 40 percent If sales grow by 25 percent next year, determine how many dolars of new funds are needed to finance the growth. (Do not round intermediate calculations. Enter your answer in dollars, not millions, (eg 1,234,567) funds

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