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A company's sales in 2020 were $9.4 million and its total spontaneous assets were $1.3 million. Also in the same year, the firm's spontaneous liabilities consisted of $3.2 million in wages payable, $9.9 million in accounts payable, and $1.2 million in accrued expenses. The firm's profit margin is 7.9% and its dividend payout ratio is 19%. The balance sheet at year-end is similar in percentage of sales to that of previous years and this will continue in the future. 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). 6 (ROUND YOUR ANSWER TO 2 DECIMAL PLACES, FOR EXAMPLE: 17.23)