Solve for 2021 values  

			2021	2020
	Sales			$ 10,000.00
	Operating Costs			$ 5,500.00
	EBITDA			$ 4,500.00
	Depreciation			$ 1,200.00
	EBIT			$ 3,300.00
	Interest			$ 500.00
	EBT			$ 2,800.00
	Taxes			$ 1,120.00
	Net Income		$ 2,100.00	$ 1,680.00

The CEO would like to see higher sales and a forecasted net income of $2,100,000. Assume that
operating costs (excluding depreciation and amortization) are 55% of sales and that
depreciation and amortization and interest expenses will increase by 6%. The tax rate, which is 40%,
will remain the same. (Note that while the tax rate remains constant, the taxes paid will change.)
What level of sales would generate $2,100,000 in net income?