100 points Problem 4-27 Percent-of-sales method ILO4-3 Owen's Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 mition, and the batance sheet at year end is similar in percentage of sales to hat of previous years (and te w continue n the future) A. assets including bed assets) and curent liabates w-vary drectly with sales The hm lS worka g at capacity Balance Sheet and S 7 Accounts S 20 25 Accrued wages 28 Accrued taxes Current assets Fixed assets S 105 $105 Total Total assets Owen's has an aftertax profit margin of 10 percent and a dividend payout ratio of 45 percent If sales grow by 20 percent next year, determine how many dolars of new unds are needed to finance the growth. (D0 not round intermediate calculations. Enter your answer in dollars, not millions, (e.g.. $1,234,567))