The last year balance sheet for Laura Inc. is shown below (in millions of dollars): Cash $ 3.0 Accounts payable $ 2.0 Accounts 3.0 Notes payable 1.5 receivable Inventory 5.0 Current Assets $11.0 Current liabilities $ 3.5 Fixed assets 3.0 Long-term debt 3.0 Common equity 7.5 Total liabilities and Total assets $14.0 $14.0 equity For the last year, sales were $60 million. For the next year, management believes that sales will increase by 30 percent to a total of $78 million. The profit margin is expected to be 6 percent, and the retention ratio is targeted at 40 percent. No excess capacity exists. How much can sales grow above the last year's level of $60 million without requiring any additional funds? O A. a. 10.3496 B. b. 13.6496 C. c. 14.839 D. d. 15.6396 O E. e. 19.1796