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Question: the most recent financial statements for hailey co are shown...

Question details
The most recent financial statements for Hailey Co. are shown here:
Income Statement Balance Sheet
  Sales $ 80,400 Current assets $ 32,400 Long-term debt $ 69,800
  Costs 27,200 Fixed assets 129,000 Equity 91,600
  Taxable income $ 53,200   Total $ 161,400   Total $ 161,400
  Taxes (23%) 12,236      
Net income $ 40,964

Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant debt-equity 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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