A company's sales in 2020 were $3.3 million and its total spontaneous assets were $3.1 million. Also in the same year, the firm's spontaneous liabilities consisted of $1.2 million in wages payable, $6.4 million in accounts payable, and $1.3 million in accrued expenses. The firm's profit margin is 5.9% and its dividend payout ratio is 9.9%. The balance sheet at year-end is similar in percentage of sales to that of previous years and this will continue in the future. I Required: What is the percentage increase in sales that the company must achieve in order to avoid raising funds externally? Note: The term "K" is used to represent thousands (x $1,000). % (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23) A company's sales in 2020 were $3.3 million and its total spontaneous assets were $3.1 million. Also in the same year, the firm's spontaneous liabilities consisted of $1.2 million in wages payable, $6.4 million in accounts payable, and $1.3 million in accrued expenses. The firm's profit margin is 5.9% and its dividend payout ratio is 9.9%. The balance sheet at year-end is similar in percentage of sales to that of previous years and this will continue in the future. I Required: What is the percentage increase in sales that the company must achieve in order to avoid raising funds externally Note: The term "K" is used to represent thousands (* $1,000). % (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)