Problem 4-8 Sales and Growth (LO2] The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $44,300 Current $ 18,300 Long-term assets debt $37,520 Costs 36,000 Fixed assets 68,800 Equity 49,580 Taxable income $ 8,300 Total $ 87,100 Total $ 87,100 Taxes (25%) 2,075 Net income $ 6,225 Assets and costs are proportional to sales. The company maintains a constant 40 percent dividend payout ratio and a constant debt-equity ratio. What is the maximum dollar 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.) Maximum dollar increase