CCC currently has sales of $25,000,000 and projects sales of $32,500,000 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 $2,800,000 in accounts payable, $1,700,000 in long-term debt, and $10,500,000 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? $28,245,763 $25,423,729 $31,309,322 $22,446,610 $23,953,729 72F ^