r were $100 Owen's Electronics has nine operating plants in seven southwestern states. Sales for last yea milion, 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 Balance Sheet (in $ millions) Assets Liabilities and Stockholders' Equity Cash Accounts receivable Inventory $13 Accounts payable 29 Accrued wages 30 Accrued taxes $ 24 15 $ 50 Current assets Fixed assets $72 Current liabilities 47 Notes payable 19 Common stock Retained earnings 28 Total liabilities and Total assets $119 stockholders' equity $119 Owen's has an aftertax profit margin of 6 percent and a dividend payout ratio of 40 percent. If sales grow by 25 percent next year, determine how many dollars of new funds are needed to finance the growth. (Do n wer in dollars, not millions, (e.g $1,234,567).) ot round intermediate calculations. Enter your ans New funds