Hermann Industries is forecasting the following income statement: Sales $5,000,000 Operating costs excluding depreciation & amortization 2,750,000 EBITDA $2,250,000 Depreciation and amortization 600,000 EBIT $1,650,000 Interest 500,000 EBT $1,150,000 Taxes (40%) 460,000 Net income $690,000 The CEO would like to see higher sales and a forecasted net income of $1,380,000. 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 40%, will remain the same. What level of sales would generate $1,380,000 in net income