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The most recent financial statements for Alexander Co. are shown here: $48,600 Income Statement Balance Sheet Current Long-term Sales $45,000 $70,470 assets debt Costs 28,800

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The most recent financial statements for Alexander Co. are shown here: $48,600 Income Statement Balance Sheet Current Long-term Sales $45,000 $70,470 assets debt Costs 28,800 Fixed assets 38,880 Equity Taxable $16,200 Total $109,350 Total income Taxes (22%) 3,564 Net income $12,636 60.750 $109,350 Assets and costs are proportional to sales. The company maintains a constant 32 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? Multiple Choice $3,837.55 $7,413.34

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