The following is the balance sheet for 20X5 for Marbell Inc.

Marbell Inc. Balance Sheet as at December 31, 20X5
Assets		Liabilities
Cash	$15,500	Accounts Payable	$ 90,000
Accts. Rec	90,000	Notes Payable	30,000
Inventory	60,000	Accrued Expenses	7,500
Current Assets	165,000	Current Liabilities	127,500
Fixed assets (non-spontaneous)	60,000	Common stock	75,500
		Retained earnings	22,500
Total Assets	$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.

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