The most recent financial statements for Alexander Company are shown here: Income Statement Balance Sheet Sales $ 45,000 Current assets $ 70,470 Long-term debt $ 48,600 Costs 28,800 Fixed assets 38,880 Equity 60,750 Taxable income $ 16,200 Total $ 109,350 Total $ 109,350 Taxes (22%) 3,564 Net income $ 12,636 Assets and costs are proportional to sales. The company maintains a constant 18 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

$9,253.47

$9,153.47

$4,710.33

$9,353.47

$1,750.33