A detailed explanation would be greatly appreciated, Thank you ahead of time.

Edmonds Industries is forecasting the following income statement: EBIT Sales $12,000,000 Operating costs excluding depreciation & amortization 6,600,000 EBITDA $5,400,000 Depreciation and amortization 1,560,000 $3,840,000 Interest 1,200,000 $2,640,000 Taxes (25%) 660,000 Net income $1,980,000 The CEO would like to see higher sales and a forecasted net income of $3,110,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 10%. The tax rate, which is 25%, will remain the same. (Note that while the tax rate remains constant, the taxes paid will change.) What level of sales would generate $3,110,000 in net income? Round your answer to the nearest dollar, if necessary. EBT $