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The most recent financial statements for Alexander Company are shown here: Income Statement Sales $ 55,000 Costs 35,200 Current assets Fixed assets Balance Sheet $

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The most recent financial statements for Alexander Company are shown here: Income Statement Sales $ 55,000 Costs 35,200 Current assets Fixed assets Balance Sheet $ 86,130 Long-term debt $ 59,400 47,520 Equity 74,250 $ $ Total 133,650 133,650 Taxable income $ 19,800 Total Taxes (21%) Net income 4,158 $ 15,642 Assets and costs are proportional to sales. The company maintains a constant 30 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 $4,908.02 O $9,613.61 O $3,710.50 $9,513.61 O $9,413.61

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