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Income statement sales $ 8 0 , 9 0 0 costs $ 6 6 , 6 0 0 taxable income $ 1 4 , 3

Income statement
sales $80,900
costs $66,600
taxable income $14,300
taxes (21%) $3,003
net income $11,297
current assets $25,500
Fixed assets $157,000
total $182,500
balance sheet
long-term debt $63,000
equity $119,500
total $182,500
assets and costs are proportionate to sales, the company maintains a constant 35% dividend payout ratio and a constant debt equity ratio. what is the maximum increase in sales that can be sustained assuming no new equity is issued? round answer to 2 decimal places

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