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The most recent financial statements for Alexander Company are shown here: Income Statement Sales Costs $ 45,000 28,800 Balance Sheet Current assets $70,470 Fixed assets

The most recent financial statements for Alexander Company are shown here: Income Statement Sales Costs $ 45,000 28,800 Balance Sheet Current assets $70,470 Fixed assets 38,880 $ Long-term debt $ 48,600 Equity 60,750 $ Taxable income $16,200 Total Total 109,350 109,350 Taxes (23%) 3,726 Net income $ 12,474 Assets and costs are proportional to sales. The company maintains a constant 32 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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