Paladin Furnishings generated $$4$ million in sales during $2021,$ and its year$-$end total assets were $$3\mathrm{.}4$ million. Also, at year$-$end $2021,$ current liabilities were $$500,000,$ consisting of $$200,000$ of notes payable, $$200,000$ of accounts payable, and $$100,000$ of accrued liabilities. Looking ahead to $2022,$ the company estimates that its assets must increase by $$0\mathrm{.}85$ for every $$1\mathrm{.}00$ increase in sales. Paladin's profit margin is $3\%,$ and its retention ratio is $60\%.$ How large of a sales 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.

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