Chapter 4 Homework i 8 The most recent financial statements for Tran Company are shown here: 1 points Income Statement Sales $ 38,600 Current assets Costs 32,400 Fixed assets Balance Sheet $ 16,500 Long-term debt 64,200 Equity $ 29,000 51,700 Taxable income $ 6,200 Total $ 80,700 Total $ 80,700 eBook Taxes (23%) 1,426 Net income $ 4,774 Hint Print Assets and costs are proportional to sales. The company maintains a constant 40 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.) References Maximum dollar increase