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

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The most recent financial statements for Alexander Company are shown here: Income Statement Sales $ 45,000 Costs 28,800 Balance Sheet Current assets $ 70,470 Long-term debt $ 48,600 Fixed assets 38,880 Equity 60,750 $ $ Total Total 109,350 109,350 ces Taxable income $ 16,200 Taxes (24%) 3,888 Net income $ 12,312 Assets and costs are proportional to sales. The company maintains a constant 34 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? O $3,612.44 I O $6,848.65 O $6,948.65 $7,048.65

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