CONNECT https%3A%2F%2Fco est, Part ll 6 Owen's Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future) All assets (including fixed assets) and current liabilities will vary directly with sales. The firm is working at full capacity alance Sheet in $ millions) Liabilities and Stockholders Equity Assets Cash Accounts receivable Inventory $ 12 Accounts payable 27 Accrued wages 28 Accrued taxes s 22 $ 67 Current liabilities s 42 16 19 35 s 112 Current assets Fixed assets 45 Notes payable Common stock Retained earnings $112 Total liabilities and stockholders' equity Total assets payout ratio of 40 percent Owen's Electronics has an aftertax profit margin of 9 percent and a dividend growth (Do not round If sales grow by 30 percent next year, determine how many dollars of new funds intermediate calculations. Enter your answer in dollars, not millions, (e.g. $1.234.567) are needed to finance the New funds