eBook Problem Walk-through Edmonds Industries is forecasting the following income statement: Sales $5,000,000 2,750,000 Operating costs excluding depreciation & amortization EBITDA Depreciation and amortization EBIT $2,250,000 550,000 $1,700,000 400,000 $1,300,000 520,000 Interest EBT Taxes (40%) Net Income $780,000 The CEO would like to see higher sales and a forecasted net income of $1,326,000. Assume that operating costs (excluding depreciation and amortization are 55% of sales and that depreciation and amortization and interest expenses will increase by 6%. The tax rate, which is 407, will remain the same. (Note that while the tax rate remains constant, the taxes paid will change.) What level of sales would generate $1,326,000 in net income? Round your answer to the nearest dollar, if necessary. MacBook Pro Isloo