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 $17.600 Less: Cost of goods sold 8.000 Gross profits $ 9.600 Less: Other operating expenses 3.650 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 5.950 Less: Depreciation 2.800 Earnings before interest and taxes (EBIT) $ 3.150 Less: Interest 0.790 Earnings before taxes (EBT) $ 2.360 Less: Taxes 0.496 Net income $ 1.864 The CEO of Tom and Sue's wants the company to earn a net income of $2.700 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 $1.256 million, and the firm's tax rate will be 21 percent. Calculate the net sales needed to produce net income of $2.700 million. (Enter your answer in millions of dollars rounded to 3 decimal places.) Net sales million