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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 llabilities will vary directly with saies. The firm is working of full capacity. Owen's has an aftertax profit macgin of 8 percent and a dividend payout ratio of 50 percent: If sales grow by 25 percent noxt year, determine how many doliors of new funds are needed to finance the growth. (Do not round intermediate caleulations, Enter your answer in dollars, not millions, (e.9-, 51,234,567)

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