7. Problem 16.09 Click here to read the book: The Anton SALES INCREASE Paladin Turbinos generated st million in sales during 2016, and its year and total assets were $3.4 million. Also, at yarend 2016, current liabilities were $500,000. consting of $200,000 notes payable, 5200,000 of accounts payable and $100,000 of accrued abilities. Looking ahead to 2017, the company estimates that its assets must increase by 50.55 for every $1.00 increase in sales Paladin's profit margine and its retention to a 60%. How farge of 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 5