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

Income Statement				Balance Sheet
Sales	$	53,200		Current assets	$	25,000		Long-term debt	$	53,500
Costs		42,600		Fixed assets		96,000		Equity		67,500
Taxable income	$	10,600		Total	$	121,000		Total	$	121,000
Taxes (34%)		3,604
Net income	$	6,996

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 (sustainable growth rate)? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Maximum increase in sales

$