The CEO of Tom and Sue's wants the company to earn a net income of $3.25 million in 2022. Cost of goods sold is expected to be 60 percent of net sales, depreciation expense is $2.9 million, interest expense is expected to increase to $1.050 million, and the firm's tax rate will be 30 percent. Calculate the net sales needed to produce net income of $3.25 million.

million, and the firm's tax rate will be 30 percent. Calculate the net sales needed to produce net income of $3.25 million. Multiple Choice $26.02 million $28.25 million $29.36 million $21.48 million