The following is the balance sheet for 2007 for Marbell Inc.

Marbell Inc. Balance Sheet 1 2/31/2007

Assets Cash: $15,000 Accounts Rec.: 90,000 Inventory: 60,000 Current Assets: 165,000 Fixed assets (non-spontaneous):60,000 Total assets: $225,000

Liabilities and Shareholder's Equity Accounts Payable: $90,000 Notes payable (non-spontaneous): 30,000 Accrued expenses: 7,500 Current Liabilities: 127,500 Common stock: 75,000 Retained Earnings: 22,500 Total liabilities + Shareholders Equity: 225,000

Sales for 2007 were $400,000. Sales for 2008 have been projected to increase by 25%. Assuming that Marbell Inc. is operating below capacity, calculate the amount of new funds if any required to finance this growth. Marbell has a 7% return on sales and 70% is paid out as dividends.