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The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales S 38,600 Current assets S 23,000 29,300 Fixed assets

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The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales S 38,600 Current assets S 23,000 29,300 Fixed assets 78,000 Equity Long-term debt $ 40,000 61,000 Costs Taxable income Taxes (34%) 9,300 Total 101,000Total $101,000 3,162 Net income 6,138 Assets and costs are proportional to sales. The company maintains a constant 25 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.) Maximum increase in sales

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