Swann Systems is a small but fast-growing company headquartered in Bangalore, India. Bangalore is known as the "Silicon Valley of India" because of its role in the nation's leading information technology (IT) sector. The companys Corporate FP&A Department is forecasting the following income statement for the upcoming year:

Sales $5,000,000

Operating costs (excluding depreciation) $3,000,000

Gross margin $2,000,000

Depreciation $500,000

EBIT $1,500,000

Interest $500,000

EBT $1,000,000

Taxes (40%) 400,000

Net income $ 600,000

The companys CEO is disappointed with the forecast and would like to see Swann Systems generate higher sales and a forecasted net income of $2,500,000. Assume that operating costs (excluding depreciation) are always 60 percent of sales. Also, assume that depreciation, interest expense, and the companys tax rate, which is 40 percent, will remain the same even if sales change. What level of sales revenues would Swann have to obtain to generate $2,500,000 in net income? Show your calculations.