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Question 12 3 pts Bob would like a net income of $550,000 and his tax rate is 25%. His cost of goods sold run 35%

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Question 12 3 pts Bob would like a net income of $550,000 and his tax rate is 25%. His cost of goods sold run 35% of sales and fixed operating costs are $300,000. With depreciation of $165,000 and interest expense of $120,000, what sales level will be necessary for him to reach his goal? $2,028,205 $1,908,205 $2,043,590 $1,566,667 $7.957.143

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