Edmonds Industries is forecasting the following income statement: Sales $7,000,000 Operating costs excluding 3,850,000 depreciation & amortization EBITDA $3,150,000 Depreciation and amortization 1,050,000 EBIT $2,100,000 Interest 630,000 EBT $1,470,000 Taxes (25%) 367,500 Net income $1,102,500 The CEO would like to see higher sales and a forecasted net income of $1,960,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 9%. 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 $1,960,000 in net income? Round your answer to the nearest dollar, if necessary. $