Question 3 (7 Marks) A company's sales in 2021 were $4 million and its spontaneous assets were $3.2 million, Also in the same year, the firm's spontaneous liabilities consisted of $0.20 million in wages payable, 0.20 million in accounts payable, and $0.10 million in accrued expenses. The firm's profit margin is 3% and its dividend payout ratio is 50%. The balance sheet at year- end is similar in percentage of sales to that of previous years and this will continue in the future. The firm is operating at full capacity. Required: At what point is the firm able to avoid raising funds externally? Explain