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The most recent financial statements for Hailey Co. are shown here: Income Statement Balance Sheet   Sales $ 78,600 Current assets $ 32,100 Long-term debt $ 69,200   Costs 27,000 Fixed assets 128,500 Equity 91,400   Taxable...

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Finance

The most recent financial statements for Hailey Co. are shownhere:
Income StatementBalance Sheet
  Sales$78,600Current assets$32,100Long-term debt$69,200
  Costs27,000Fixed assets128,500Equity91,400
  Taxable income$51,600  Total$160,600  Total$160,600
  Taxes (22%)11,352    
Net income$40,248

Assets and costs are proportional to sales. The companymaintains a constant 25 percent dividend payout ratio and aconstant debt-equity ratio.

What is the maximum increase in sales that can be sustainedassuming no new equity is issued?

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