3. Nortell Enterprises is forecasting EPS as $4.00 per share for next year. The firm has 10,000 shares outstanding, it pays 12% interest on its debt, and tax rate is 40%. Estimated fixed costs $90,000 and variable costs are 40% of revenue. Total assets are $500,000 and capital structure is 40% debt 60% equity. What should be the sales level for EPS to be equal to above forecast of $4? Cost of carrying accounts receivables= ACP X Daily sales X (CGS)/sales X r