Paladin Furnishings generated $$4$ million in sales during $2016,$ and its year$-$end total assets were $$2\mathrm{.}2$ million. Also, at year$-$end $2016,$ current liabilities were $$500,000,$ consisting of $$200,000$ of notes payable, $$200,000$ of accounts payable, and $$100,000$ of accrued liabilities. Looking ahead to $2017,$ the company estimates that its assets must increase by $$0\mathrm{.}55$ for every $$1\mathrm{.}00$ increase in sales. Paladin's profit margin is $4\%,$ and its retention ratio is $55\%.$ How large of a sales increase can the company achieve without having to raise funds externally? Write out your answer completely. For example, $25$ million should be entered as $25,000,000.$ Do not round intermediate calculations. Round your answer to the nearest cent.

$