The most recent financial statements for Hailey Co. are shownhere:

Income Statement		Balance Sheet
Sales	$	66,000		Current assets	$	30,000		Long-term debt	$	64,500
Costs		25,600		Fixed assets		125,000		Equity		90,500
Taxable income	$	40,400		Total	$	155,000		Total	$	155,000
Taxes (25%)		10,100
Net income	$	30,300

Assets and costs are proportional to sales. The companymaintains a constant 30 percent dividend payout ratio and aconstant debt-equity ratio.

What is the maximum increase in sales that can be sustainedassuming no new equity is issued? (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)