Edmonds Industries is forecasting the following income statement: Sales Operating costs excluding depreciation & amortization EBITDA Depreciation and amortization EBIT $10,000,000 5,500,000 $4,500,000 1,100,000 Interest EBT Taxes (25%) Net income $3,400,000 800,000 $2,600,000 650,000 $1,950,000 The CEO would like to see higher sales and a forecasted net income of $2,540,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 15%. 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 $2,540,000 in net income? Round your answer to the nearest dollar, if necessary. $