The most recent financial statements for Tran Co. are shown here. Assets and costs are proportional to sales. The company maintains a constant 40 percent dividend payout ratio and a constant debt-equity ratio. What is the maximum dollar increase in sales that can be sustained assuming no new equity is issued? Input area: Payout ratio 40% Tax rate 23% Sales $38,600 Costs 32,400 Taxable income $6,200 Taxes 1,426 Net income $4,774 Current assets $16,500 Debt $29,000 Fixed assets 64,200 Equity 51,700 Total $80,700 Total $80,700 (Use cells A6 to D15 from the given information to complete this question.) B 9 Output area: D 1 Return on equity 2 + 9.23% Retention ratio 3 Sustainable growth rate 4 Maximum increase in sales 60% 5.54% (36,461.40)