values 10.00 points The most recent financial statements for Alexander Co. are shown here: Income Statement Sales $ 38,000 Costs 29,000 Current assets Fixed assets Balance Sheet $ 21,200 Long-term debt $ 45 000 75,000 Equity 51,200 Taxable income $ 9,000 Total $ 96,200 Total $ 96,200 Taxes (34%) 3,060 Net income $ 5,940 Assets and costs are proportional to sales. The company maintains a constant 20 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 intermediate calculations and round your answer to 2 decimal places, egy 32.16.) Maximum increase in sales Hints References eBook & Resources