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Last year Martin Motors reported the following income statement: Sales $2000 000 Cost of goods sold 1 200 000 EBITDA 800 000 Depreciation and amortization

Last year Martin Motors reported the following income statement:

Sales $2000 000

Cost of goods sold 1 200 000

EBITDA 800 000

Depreciation and amortization 500 000

Operating income 300 000

Interest expense 100 000

EBT 200 000

Taxes 40% 80 000

Net income 120 000

The company's CEO was unhappy with the firm's performance. This year, he would like to see net income doubled. Depreciation and amortization, interest expense, and the tax rate will all remain constant, and the cost of goods sold will also remain at 60% of sales. How much sales revenue must the company generate to achieve the CEO's net income target?

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