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

Income Statement				Balance Sheet
Sales	$	39,000		Current assets	$	24,200		Long-term debt	$	53,000
Costs		29,500		Fixed assets		80,000		Equity		51,200
Taxable income	$	9,500		Total	$	104,200		Total	$	104,200
Taxes (34%)		3,230
Net income	$	6,270

Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant debtequity 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 final answer to 2 decimal places. (e.g., 32.16))

Maximum increase in sales

$