Paladin Furnishings generated $2 million in sales during 2021 , and its year-end total assets were $1.2 million, Also, at year-end 2021 , current liablities Were 5500,000 , consisting of $200,000 of notes payable, $200,000 of accounts payable, and $100,000 of accrued liabilies. Looking ahead to 2022 , the company estimates that its assets must increase by $0.60 for every $1.00 increase in saies. Paladin's proft margin is 5%, and its retention ratio is 50 the How large of a sales increase can the company achieve without having to raise funds externally? Write out your answer completeiy. For mample, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest cent