The Following Is the Balance Sheet for 2010 for Marbell $\quad$

The following is the balance sheet for 2010 for Marbell Inc. $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Marbell Ine.
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Balance Sheet
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\quad$ $\quad$ $\quad$ $12 / 31 / 2010$

$\begin{array}{l}\begin{array} { l } \text { Assets }\\\begin{array}{lr}\text { Cash } & \$ 15,500 \\\text { Accts. Rec. } & 90,000 \\\text { Inventory } & 60,000 \\ \text { Current Assets } & 165,000 \\\text { Fixed assets (non-spontaneous) } & 60,000\\ \text { Total assets } & \$225,000\end{array}\end{array}\begin{array} { l } \text { Liabilities and Stockholders' Equity }\\\begin{array}{lc}\text { Accts. Payable } & \$ 90,000 \\\text { Notes payable (non-spontaneous) } & 30,000 \\\text { Accrued expenses } & 7,500 \\\text { Current Liabilities } & 127,500 \\\text { Common stock } & 75,500 \\\text { Retained earnings } & 22,500 \\\text { Total Liabilities + S.E. Equity } & \$ 225.000 \\\end{array}\end{array}\end{array}$




Sales for 2010 were $500,000. Sales for 2011 have been projected to increase by 10%. 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 80% is paid out as dividends.