Self-Supporting Growth kate Magole's Muthins Bakery penerated 52 million in sales during 2019 , and tes year-end tocsi asets wern 31.1 mition. Alro, at year-end 2019 , current lativities were $1 million, consisting of 1300,000 of notes perable, $500,000 of accounts payable, and 1200,000 of acovals. Looking ahead to 2020 , the company and its payeut ratio will be 55%. How large a salet increase can the company achieve without having to rese finds externaby-that is, what is its selkwopporting growth rote? Do not round intermedate calculations. Enter yeur answer for sales increase in dollan. for example, an antwer of s2 matian ahoult se entered as 2,000,000 Hound the menetary value to the nearest doflar and percentage value to one decimal place. Sales cen increase by 3 that is by Self-Supporting Growth Rate Maggle's Muffins Bakery generated $2 million in sales during 2019 , and its year-end total assets were $1.1 million. Aso, at yearend 2019 , current labities Were $1 milliont consisting of $300,000 of notes payable, $500,000 of accounts payable, and $200,000 of accruals. Looking ahead to 2020 , the company estimates that its assets must increase at the same rato as sales, lts spontaneous labilities wil increase at the same rate as sales, its profit margia will be 4% and its payout ratio will be 55%. How large a sales increase can the compony achieve without having to raise funds extematly-that is, what is its self. supporting growth rate? Do not round intermediate calculations. Enter your answer for sales increase in dollars. for example, an aniner of 12 milian thauld be entered as 2,000,000. Round the monetary value to the nearest dollar and percentage value to one decimal place. Sales can increase by $ , that is by