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The most recent financial statements for Hailey Co. are shown here: The most recent financial statements for Hailey Co. are shown here: Income Statement Sales

The most recent financial statements for Hailey Co. are shown here:

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The most recent financial statements for Hailey Co. are shown here: Income Statement Sales $75,000 Costs 26,600 Balance Sheet Current $ 31,500 Long-term assets debt Fixed assets 127,500 Equity $ 68,000 91,000 Taxable income $ 48,400 Total $159,000 Total $159,000 Taxes (25%) 12,100 Net income $36,300 Assets and costs are proportional to sales. The company maintains a constant 35 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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