Bannister Legal Services generated $$2\mathrm{.}0$ million in sales during $2007,$ and its year$-$

end total assets were $$1\mathrm{.}5$ million. Also, at year$-$end $2007,$ current liabilities were

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

and $$100,000$ of accruals. Looking ahead to $2008,$ the company estimates that itsassets must increase by $75$ cents for every $$1$ increase in sales. Bannister$$s profit

margin is $5\%,$ and its payout ratio is $60\%.$ How large a sales increase can the com$-$

pany achieve without having to raise funds externally?