Bob wants a net income of $1,500,000 for the restaurant next year. He has put Tina in charge of figuring out what sales level will be necessary to achieve this. He has told her that their total operating costs run 40% of sales and their tax rate is 22%. He expects depreciation of $185,000 for the year and interest expense of $60,000. To the nearest dollar what sales level should Tina come up with?

$17,657,955

$5,420,192

$3,613,462

$11,771,970