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QUESTION 6 1 3 points The most recent balance sheet for NW Co. is shown here: Balance Sheet Current assets $ 20,000 Long-term debt $

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QUESTION 6 1 3 points The most recent balance sheet for NW Co. is shown here: Balance Sheet Current assets $ 20,000 Long-term debt $ 50,000 Fixed assets $ 85,000 Equity $ 55,000 Total $ 105,000 Total $ 105,000 The firm's most recent sales were $48,500 and net income was $ 7200. Assets and costs (and Net Income) are proportional to sales. The company maintains a constant 34 percent dividend payout ratio and a constant debt-equity ratio. What is the maximum INCREASE IN SALES (in dollars) that can be sustained assuming no new equity is issued? (Hint find the sustainable growth rate first, and then the $ amount of the sales increase.) Enter your answer to two decimal places

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