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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

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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. Owen's Electronics has an aftertax profit margin of 7 percent and a dividend payout ratio of 50 percent. If sales grow by 20 percent next year, determine how many dollars of now funds are needed to finance the growth. (Do not round intermediate calculations. Enter your answer in dollars, not millions, (e.g., $1,234,567).)

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