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

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Listed below is the 2018 income statement for Tom and Sue Travels, Inc. Che TOM AND SUE TRAVELS, INC. Income Statement for Year Ending December 31, 2018 (in millions of dollars) Net sales $18.400 Lessi Cost of goods sold 8.400 Gross profits $10.000 Lesst other operating expenses 3.850 Earnings before Interest, taxes, depreciation, and amortization (EBITDA) $ 5.150 Less Depreciation 3.200 Earnings before interest and taxes (EBIT) $ 2.950 Less Interest 0.810 Earnings before taxes (TBT) $ 2.140 Less Taxes 0.955 Net Income $ 1.185 The CEO of Tom and Sue's wants the company to earn a net income of $3.000 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 $0.910 million, and the firm's tax rate will be 30 percent Calculate the net sales needed to produce net income of $3.000 million (Enter your answer in millions of dollars rounded to 3 decimal places.) Net sales Imition

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