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The most recent financial statements for Hailey Co. are shown here: Income Statement Sales Balance Sheet Current Long-term $ 27,000 assets debt Fixed assets 120,000

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The most recent financial statements for Hailey Co. are shown here: Income Statement Sales Balance Sheet Current Long-term $ 27,000 assets debt Fixed assets 120,000 Equity $49,000 23,600 $ 59,000 Costs 88,000 Taxable income $25,400 Total $ 147,000 Total $147,000 Taxes (21%) 5,334 Net income $20,066 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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Maximum increase in sales

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