The CEO of Dunder-Mifflin is requesting a net income of $3 million for the coming year. The firm has interest expense of $3.5 million, fixed operating costs of $2.5 million, depreciation of $1.2 million, and plans to pay out $500,000 in dividends. If cost of goods sold run 35% of sales and their tax rate is 25%, what sales level will they need to reach the CEOs income goal?

• A. $18,000,000

• B. $13,384,615

• C. $17,230,769

• D. $15,753,846