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 880,000 $2,720,000 EBIT Interest EBT Taxes (25%) Net income 720,000 $2,000,000 500,000 $1,500,000 The CEO would like to see higher sales and a forecasted net income of $3,000,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 12%. 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 $3,000,000 in net income? Round your answer to the nearest dollar, if necessary. $