The most recent financial statements for Wise Co., are show here:

Income Statement				Balance Sheet
Sales	$ 43,000		Current assets	$ 27,000		Long-term debt	$ 62,000
Costs	$ 21,500		Fixed assets	$ 118,000		Equity	$ 83,000
Taxable income	$ 21,500		Total	$ 145,000		Total	$ 145,000
Taxes (3.4%)	$ 7,310
Net income	$ 14,190

Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant debt-equity ratio. What is the maximum increase in sales that can be sustained assuming no new equity is issued?

PLEASE SHOW SOLUTIONS.