The following is the balance sheet for 20X5 for Marbell Inc. Assets Cash Accts. Rec Inventory Current Assets Fixed assets (non- spontaneous) Total Assets Marbell Inc. Balance Sheet as at December 31, 20X5 Liabilities $15,500 Accounts Payable 90,000 Notes Payable 60,000 Accrued Expenses 165,000 Current Liabilities 60,000 Common stock Retained earnings $ 90,000 30,000 7,500 127,500 75,500 22,500 $225,000 Total Liabilities + S.H Equity $225,000 Sales for 20X5 were $300,000. Sales for 20X6 have been projected to increase by 20%. Assuming that Marbell Inc. is operating below capacity, calculate the amount of new funds required to finance this growth. Marbell has an 8% return on sales and 70% is paid out as dividends.