Edmonds Industries is forecasting the following income statement: Sales Operating costs excluding depreciation & amortization EBITDA Depreciation and amortization $11,000,000 6,050,000 $4,950,000 1,100,000 $3,850,000 660,000 EBT $3,190,000 Taxes (25%) 797,500 $2,392,500 Net income. The CEO would like to see higher sales and a forecasted net income of $3,950,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 7%. 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 $3,950,000 in net income? Round your answer to the nearest dollar, if necessary. EBIT Interest You are given the following information: Stockholders' equity as reported on the firm's balance sheet $2.75 billion, price/earnings ratio -12, common shares outstanding 150 million, and market/book ratio=1.3. The firm's market value of total debt is $6 billion, the firm has cash and equivalents totaling $350 million, and the firm's EBITDA equals $1 billion. What is the price of a share of the company's common stock? Do not round intermediate calculations. Round your answer to the nearest cent. What is the firm's EV/EBITDA? Do not round intermediate calculations. Round your answer to two decimal places. Find the interest rates earned on each of the following. Round your answers to the nearest whole number. a. You borrow $700 and promise to pay back $770 at the end of 1 year. % b. You lend $700 and the borrower promises to pay you $770 at the end of 1 year. % c. You borrow $67,000 and promise to pay back $190,264 at the end of 6 years. % d. You borrow $11,000 and promise to make payments of $3,359.50 at the end of each year for 5 years. %