Edmonds Industries is forecasting the following income statement:

Sales	$8,000,000
Operating costs excluding depreciation & amortization	4,400,000
EBITDA	$3,600,000
Depreciation and amortization	480,000
EBIT	$3,120,000
Interest	400,000
EBT	$2,720,000
Taxes (25%)	680,000
Net income	$2,040,000

The CEO would like to see higher sales and a forecasted net income of $4,000,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 14%. 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 $4,000,000 in net income? Round your answer to the nearest dollar, if necessary.

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