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The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 52,400 Current assets $ 22,600 Long-term debt $

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

Income Statement Balance Sheet
Sales $ 52,400 Current assets $ 22,600 Long-term debt $ 52,000
Costs 42,200 Fixed assets 92,000 Equity 62,600
Taxable income $ 10,200 Total $ 114,600 Total $ 114,600
Taxes (34%) 3,468
Net income $ 6,732

Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant debtequity ratio.

What is the maximum dollar increase in sales that can be sustained assuming no new equity is issued

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