Problem 2-37 Income Statement (LG2-1) Listed below is the 2021 income statement for Tom and Sue Travels, Inc. TOM AND SUE TRAVELS, INC. Income Statement for Year Ending December 31, 2021 (in millions of dollars) Net sales $18.800 Less: Cost of goods sold 8.600 Gross profits $10.200 Less: Other operating expenses 3.950 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 6.250 Less: Depreciation 3.400 Earnings before interest and taxes (EBIT) $ 2.850 Less: Interest 0.820 Earnings before taxes (EBT) $ 2.030 Less: Taxes 0.426 Net income $ 1.604 The CEO of Tom and Sue's wants the company to earn a net income of $3.000 million in 2022. 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 $1.286 million, and the firm's tax rate will be 21 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 million