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Paladin furnshings generated $4 million in sales durng 2021 , and its year-end total assets were $2.8 million. Also, at year-end 2021 , current fiabdites

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Paladin furnshings generated $4 million in sales durng 2021 , and its year-end total assets were $2.8 million. Also, at year-end 2021 , current fiabdites were $500,000, consisting of $200,000 of notes. payable, $200,000 of accounts payable, and $100,000 of accrued liakalites, Looking ahead to 2022 , the company estimates that its assets must increase by $0.70 for every 51.00 increase in sales. Paladen's profit mardin is. 4%, and 3 ts retentian ratio is 604te Hown large of a sales increase can the company achieve without having to raise funds externolly? Write out your answer comoletely. for examphi, 75 . minion should be entered as 25,000,000. Do not round intermediate calculaticns Round your answer to the neartut cent

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