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The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 43,100 Current assets $ 17,660 Long-term debt $

The most recent financial statements for Alexander Co. are shown here:

Income Statement Balance Sheet
Sales $ 43,100 Current assets $ 17,660 Long-term debt $ 37,120
Costs 35,600 Fixed assets 68,400 Equity 48,940
Taxable income $ 7,500 Total $ 86,060 Total $ 86,060
Taxes (22%) 1,650
Net income $ 5,850

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.)

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