The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 50,200 Current assets $ 24,600 Long-term debt $ 41,000 Costs 38,100 Fixed assets 92,000 Equity 75,600 Taxable income $ 12,100 Total $ 116,600 Total $ 116,600 Taxes (34%) 4,114 Net income $ 7,986 Assets and costs are proportional to sales.
The company maintains a constant 25 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 increase in sales $