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The most recent financial statements for Wise Co. are shown here: Income Statement Balance Sheet Sales $ 52,600 Current assets $ 23,200 Long-term debt $

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

Income Statement Balance Sheet
Sales $ 52,600 Current assets $ 23,200 Long-term debt $ 54,000
Costs 42,300 Fixed assets 93,000 Equity 62,200






Taxable income $ 10,300 Total $ 116,200 Total $ 116,200
Taxes (34%) 3,502









Net income $ 6,798





Assets and costs are proportional to sales. The company maintains a constant 40 percent dividend payout ratio and a constant debtequity ratio.

What is the maximum increase in sales that can be sustained assuming no new equity is issued? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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