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Maggie's Muffins Bakery generated $2 million in kales during 2018, and its year-end total assets were $1.3 millian. Aso, at year-end 2013 , Gurrent liabilities

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Maggie's Muffins Bakery generated $2 million in kales during 2018, and its year-end total assets were $1.3 millian. Aso, at year-end 2013 , Gurrent liabilities were 51 milion, consisting of $300,000 of notes pryable, $500,000 of accounts payable, and $200,000 of accrials. Looking ahead to 2019 , the company estimates that its assets must increate at the same rate as sales, its spontaneous liabilities will increase at the same rate as sales, its pront margin will be 6%, and its payout ratio will be 50%. How large a saies increase can the company achieve without heving to raise funds extemally-that is, what is its seif-supporting growth rate? Do not round intermediate calculations, Round the monetary value to the nearest dollar and percentage value to the nearest whole numbet, Sales can increase by $ that is by

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