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The most recent financial statements for Throwing Copper Co. are shown here: Income Statement Balance Sheet Sales $60,000 Current assets $93,960 Long-term debt $64,800 Costs

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

Income Statement Balance Sheet
Sales $60,000 Current assets $93,960 Long-term debt $64,800
Costs

38,400

Fixed assets 51,840 Equity 81,000
Taxable income $21,600 Total

$145,800

Total

$145,800

Taxes (34%) 7,344
Net income

$14,256

Assets and costs are proportional to sales. The company maintains a constant 28 percent dividend payout ratio and a constant debtequity ratio.

Required:

What is the maximum increase in sales that can be sustained assuming no new equity is issued? (Do not round your intermediate calculations.)

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