8. Problem 16.09 (Sales Increase) elook Paladin Furnishings generated $2 million in sains during 2019, and its year-end total assets were $1.1 million. Also, at year end 2019, current liabilities were $500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and $100,000 of accrued abs Looking ahead to 2020, the company estimates that its assets must increase by $0.55 for every $1.00 increase in sales, Paladin's profit margins and its retention ratio is 35% How farge of a sales increase on the company achieve without having to raise funds externally? Write out your answer completely. For example, 25 million should be entered os 23,000,000. Do not found intermediate calculations. Round your answer to the nearest cent $