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What is the maximum dollar increase in sales? The most recent financial statements for Alexander Co. are shown here: Income Statement Sales Costs Taxable 7,800

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The most recent financial statements for Alexander Co. are shown here: Income Statement Sales Costs Taxable 7,800 Balance Sheet $43,550 Current assets 17,900 Long-term debt 35,750 Fixed assets 68,550 Equity 49,180 $86,450 Total $86,450 ncome Taxes (25%) 1,950 Net income $ 5,850 Assets and costs are proportional to sales. The company maintains a constant 55 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, e.g, 32.16.) Maximum dollar increase

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