Paladin Furnishings generated $4 million in sales during 2021, and its year-end total assets were $3.2 million. Also, at year-end 2021, current liabilities were

$500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and

$100,000 of accrued liabilities. Looking ahead to 2022, the company estimates that its assets must increase by $0.80 for every $1.00 increase in sales. Paladin’s profit margin is 3%, and its retention ratio is 50%. How large of a sales increase can the company achieve without having to raise funds externally?