Isberg Industries is forecasting the following income statement for the upcoming year:

Sales	$4,860,000
Operating Costs (excluding depreciation)	3,402,000
Depreciation	440,000
EBIT	$1,018,000
Interest	295,000
EBT	$723,000
Taxes (25%)	180,750
Net Income	$542,250

Assume that operating costs (excluding depreciation) are always 70% of sales. Also assume that depreciation, interest expense, and the companys tax rate of 25% (not total taxes paid), will remain the same, even if sales change.

The companys president is disappointed with the forecast and would like to see Isberg generate higher sales and a forecasted net income of $1,620,000. What level of sales would Isberg have to obtain to generate $1,620,000 in net income?

a. $6,755,000

b. $7,195,000

c. $8,202,000

d. $9,210,000

e. $9,650,000