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Edmonds Industries is forecasting the following income statement: Sales $ 4 , 0 0 0 , 0 0 0 Operating costs excluding depreciation & amortization

Edmonds Industries is forecasting the following income statement:
Sales $4,000,000
Operating costs excluding depreciation & amortization 2,200,000
EBITDA $1,800,000
Depreciation and amortization 480,000
EBIT $1,320,000
Interest 280,000
EBT $1,040,000
Taxes (25%)260,000
Net income $780,000
The CEO would like to see higher sales and a forecasted net income of $1,050,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 13%. 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 $1,050,000 in net income? Round your answer to the nearest dollar, if necessary.

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