Edmonds Industries is forecasting the following income statement: The CEO would like to see higher sales and a forecasted net income of $2,200,000. 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 $2,200,000 in net income? Round your answer to the nearest dollar, if necessary. For 2021 , Gourmet Kitchen Products reported $24 million of sales and $19 milion of operating costs (induding depreciation). The company has $14 million of total invested caplal. Its after-tax cost of capital is 9% and its federal-plus-state income tax rate was 25%. What was the firm's economic value added (EVA), that is, how much value did management add to stockholders' wealth during 2021 ? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary