Calculate the company's break-even point in sales dollars for the year 2020 if it hires its own sales force to replace the network of agents.

Olin Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 18% of sales. The forecast income statement for the year ending December 31, 2020, is as follows: $78,015,000 OLIN BEAUTY CORPORATION Income Statement Year Ending December 31, 2020 Sales Cost of goods sold Variable $37,447,200 Fixed 7,815,000 Gross margin Selling and marketing expenses Commissions $14,042,700 Fixed costs 10,205,000 Operating income 45,262,200 32,752,800 24,247,700 $8,505,100 The company is considering hiring its own sales staff to replace the network of agents. It will pay its salespeople a commission of 11% and incur fixed costs of $5,461,050