CCC currently has sales of $22,000,000 and projects sales of $30,800,000 for next year. The firm's current assets equal $7,000,000 while its fixed assets are $8,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $300,000. The firm presently has $3,500,000 in accounts payable, $2,500,000 in long-term debt, and $9,000,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $900,000 in dividends next year and has a 5.0% net profit margin. Assuming the increase in fixed assets will occur, what is the most sales could equal next year without using discretionary sources of funds?

Group of answer choices

$25,964,125

$23,423,583

$21,083,333

$18,614,475

$19,864,295