Edmonds Industries is forecasting the following income statement:

Sales	$5,000,000
Operating costs excluding depreciation & amortization	2,750,000
EBITDA	$2,250,000
Depreciation and amortization	500,000
EBIT	$1,750,000
Interest	450,000
EBT	$1,300,000
Taxes (25%)	325,000
Net income	$975,000

The CEO would like to see higher sales and a forecasted net income of $1,540,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 5%. 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 $1,540,000 in net income? Round your answer to the nearest dollar, if necessary.

$