Last vear Martin Motors reported the following income statement:

Income statement Sales S2,000,000 Cost of goods sold 1,200,000 EBITDA S 800,000 Depreciation and amortization 500,000 Operating income (EBIT) S 300,000 Interest expense 100,000 Taxable income (EBT) S 200,000 Taxes (40%) 80,000 Net income S 120,000 The company's CEO. Joe Lawrence, was unhappy with the firm's performance. This year, he would like to see net income doubled to S240.000. Depreciation and amortization, interest expense, and the tax rate will all remain constant, and the cost of goods sold will also remain at 60 percent of sales. How much sales revenue must the company generate to achieve the CE< >'s net income tareet-