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

The most recent financial statements for Throwing Copper Co. are shown here:

  Income Statement Balance Sheet
  Sales $50,000     Current assets $78,300     Long-term debt $54,000  
  Costs

32,000  

  Fixed assets 43,200     Equity 67,500  
  Taxable income $18,000       Total

$121,500  

    Total

$121,500  

  Taxes (34%) 6,120  
    Net income

$11,880  

Assets and costs are proportional to sales. The company maintains a constant 20 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.)

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