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The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 44,900 Current assets $ 18,620 Long-term debt $

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

Income Statement Balance Sheet
Sales $ 44,900 Current assets $ 18,620 Long-term debt $ 37,720
Costs 36,200 Fixed assets 69,000 Equity 49,900
Taxable income $ 8,700 Total $ 87,620 Total $ 87,620
Taxes (24%) 2,088
Net income $ 6,612

Assets and costs are proportional to sales. The company maintains a constant 45 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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