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The most recent financial statements for Throwing Copper Co. are shown here Income Statement Balance...

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Finance

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The most recent financial statements for Throwing Copper Co. are shown here Income Statement Balance Sheet Sales Costs Taxable income Taxes (34%) $40,000 Current assets $62,640 Long-term debt $43,200 54,000 $97,200 25,600 Fixed assets $14,400 34,560 Equity $97,200 Total Total 4,896 $9,504 Net income Assets and costs are proportional to sales. The company maintains a constant 32 percent dividend payout ratio and a constant debt-equity ratio Required: What is the maximum increase in sales that can be sustained assuming no new equity is issued? (Do not round your intermediate calculations.) O $2,848.98 O $5,438.02 o $2387.25 $5,338.02 O $5,538.02

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