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3. (10 Points) Fever Pitch has a projected income statement this year of Sales $ 80,000 Cost of Sales 50,000 Gross Profit 30,000 10,000 Operating

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3. (10 Points) Fever Pitch has a projected income statement this year of Sales $ 80,000 Cost of Sales 50,000 Gross Profit 30,000 10,000 Operating Expenses Operating Profit 20,000 Interest expense 3,000 Earnings before tax 17,000 Taxes 6,800 Profit after tax $ 10,200 However, the president of Fever Pitch is not happy with this forecast. She has told Fever Pitch managers she wants a profit of $12,500 for next year. Assume that the tax rate remains at 40%, operating costs keep the same proportion to sales, and interest will be unchanged. What sales goal must Fever Pitch reach to achieve the desired profit level

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