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The most recent financial statements for Tran Company are shown here: Assets and costs are proportional to sales. The company maintains a constant 3 5

The most recent financial statements for Tran Company are shown here:
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
dollar Increase in sales that can be sustained assuming no new equity is issued? (Do not
round Intermedlate calculations and round your answer to 2 declmal places, e.g.,
32.16.)
Answer is complete but not entirely correct.
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