21. The owner of Xerox Co. insisted that he wants to see a net income of $5,000,000, at least. He was informed that to do so, operating costs (excluding depreciation and amortization) should remain at 50 percent of sales. Also, depreciation and amortization, interest expense, and the company's tax rate, which is 40 percent, will remain the same even if sales change. The task that should be done is a better job in marketing the sale of the company's products. What level of sales would Xerox Co. have to obtain to generate $5,000,000 in net income? The owner was shocked with the most recent Net Income achieved by his company. It appeared as follows: $10,000 Sales 5,000 Operating costs (excluding depreciation and amortization) $5,000 EBITDA 1,600 Depreciation and amortization $3,400 EBIT 1,400 obtain to generate $5,000,000 in net income? The owner was shocked with the most recent Net Income achieved by his company. It appeared as follows: Sales $10,000,000 Operating costs (excluding depreciation and amortization) 5,000,000 EBITDA $5,000,000 Depreciation and amortization 1,600,000 EBIT Interest $3,400,000 1,400,000 $2,000,000 800,000 EBT Taxes (40%) Net income $ 1.200.000 0 27,000,000 O 15,268,000 O 27,333,334 O 17,208,522 None of the above