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The most recent financial statements for Wise Co. are shown here: Income Statement Balance Sheet Sales $ 38,200 Current assets $ 21,800 Long-term debt $

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

Income Statement Balance Sheet
Sales $ 38,200 Current assets $ 21,800 Long-term debt $ 51,500
Costs 29,100 Fixed assets 76,000 Equity 46,300
Taxable income $ 9,100 Total $ 97,800 Total $ 97,800
Taxes (34%) 3,094
Net income $ 6,006

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 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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