Santora Industries is forecasting the following income statement: $17,000,000 Sales Operating costs excluding depreciation EBITDA Depreciation EBIT Interest EBT Taxes (30%) Net income 5,950,000 $ 11,050,000 1,500,000 $9,550,000 2,000,000 $ 7,550,000 2,265,000 $5,285,000 The CEO would like to see higher sales and a forecasted net income of $8,000,000. Assume that operating costs (excluding depreciation) are 35% of sales and that depreciation and interest expenses will increase by 20%. The tax rate will remain at 30%. What level of sales would generate $8,000,000 in net income? O a $20,610,895 O b. $24,043,956 Oc $26,813,187 O d. $20,415,000 Oe. $19,715,000