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Edmonds Industries is forecasting the following income statement: The CEO would like to see higher sales and a forecasted net income of $ 4 ,

Edmonds Industries is forecasting the following income statement:
The CEO would like to see higher sales and a forecasted net income of $4,410,000. Assume that operating costs (excluding depreciation and amortization) are
55% of sales and that depreciation and amortization and interest expenses will increase by 11%. 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 $4,410,000 in net income? Round your answer to the
nearest dollar, if necessary.
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