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

image text in transcribed The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $45,000 Current assets Long-term $70,470 $48,600 debt Costs 28,800 Fixed assets 38,880 Equity 60,750 Taxable $16,200 Total $109,350 Total $109,350 income Taxes (22%) 3,564 Net income $12,636 Assets and costs are proportional to sales. The company maintains a constant 26 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

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