8. Problem 9-04 9-6: Additional Funds Needed (AFN) Equation Method Problem 9-4 Sales Increase gie's Muffins, Inc, generated $2,000,000 in sales Magg during 2015, and its year-end total assets were $1,200,000, Also, at year-end 2015, aurrent liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts same rate as sal payable, and $200,000 of accruals. Looking ahead to 2016, the company estimates that its assets must in ease at the same rate as sales, its spontaneous liabilities will increase at the same rate as sales, its profit margin will be 7% and its payout atio will be 70%. How large a sales increase can the company achieve withDut having to raise unds o temally; that is what is its self support ng growth rate? Do not round intermediate steps. Round your answers to the nearest whole. Sales can i , that is by S ncrease by