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LEGITU Listed below is the 2018 income statement for Tom and Sue Travels, Inc TOM AND SUE TRAVELS, INC. Income Statement for Year Ending December

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LEGITU Listed below is the 2018 income statement for Tom and Sue Travels, Inc TOM AND SUE TRAVELS, INC. Income Statement for Year Ending December 31, 2018 in millions of dollars) Net Sales $17.600 Lesst Cost of goods sold 8.000 Gross profits $ 9.600 Less other operating expenses 3.650 Earnings before Interest, taxes, depreciation, and amortitation (EBITDA) $5.950 Lessi Depreciation 2.500 Earnings before interest and taxes (EBIT) $ 3.150 Les Interest 0.790 Earnings before taxes (EST) 5.2.360 LES TAXES Net incon $1.605 The CEO of Tom and Sue's wants the company to earn a net income of $2.800 million in 2019. Cost of goods sold is expected to be 60 percent of net sales depreciation and other operating expenses are not expected to change interest expense is expected to increase to 50.890 million, and the firm's tax rate will be 30 percent Calculate the net sales needed to produce net income of 52 800 million (Enter your answer in millions of dollars rounded to 3 decimal places)

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