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

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The most recent financial statements for Alexander Company are shown here: Income Statement Balance Sheet Sales Costs $ 45,000 28,800 Current assets $70,470 Long-term debt $ 48,600 Fixed assets 38,880 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 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? Multiple Choice $2,953.96 $3,905.17 $7,553.72 $7,653.72 $7,453.72

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