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Managerial Finance The most recent financial statements for Hailey Co. are shown here: Assets and costs are proportional to sales. The company maintains a constant

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Managerial Finance

The most recent financial statements for Hailey Co. are shown here: Assets and costs are proportional to sales. The company maintains a constant 25 percent 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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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