Problem 4-27 (Algo) Percent-of-sales method [LO4-3] Owen's Electronics has nine operating plants in seven southwestern states. Sales for last year were $100milii, 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 curtent liabilities will vary directly with sales, The firm is working at full capacify. Owen's Electronies has an aftertox profit margin of 8 percent and a dividend payout ratio of 30 percent. If sales grow by 15 percent nevt year, determine how many dollars of new funds are needed to finance the growth. Note: Do not round intermediate calculations. Enter your answer in dollars, not mililons, (e,g), $1,234,567 )