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The most recent financial statements for Hailey Co. are shown here: Income Statement Sales $ 67,800 Balance Sheet Current $ 30,300 Long-term assets debt Fixed

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The most recent financial statements for Hailey Co. are shown here: Income Statement Sales $ 67,800 Balance Sheet Current $ 30,300 Long-term assets debt Fixed assets 125,500 Equity $ 65,600 Costs 25,800 90,200 Taxable $42,000 Total $155,800 Total $155,800 income Taxes (21%) 8,820 Net income $ 33,180 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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