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The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 49,200 Current assets $ 21,600 Long-term debt $

The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 49,200 Current assets $ 21,600 Long-term debt $ 53,000 Costs 37,600 Fixed assets 87,000 Equity 55,600 Taxable income $ 11,600 Total $ 108,600 Total $ 108,600 Taxes (34%) 3,944 Net income $ 7,656 Assets and costs are proportional to sales. The company maintains a constant 40 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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