Attempts: Keep the Highest: /0.5 7. Problem 3.15 (Income Statement) eBook Problem Walk-Through Edmonds Industries is forecasting the following income statement: Sales $6,000,000 Operating costs excluding depreciation & amortization 3,300,000 EBITDA $2,700,000 Depreciation and amortization 720,000 EBIT $1,980,000 Interest 540,000 $1,440,000 Taxes (25%) 360,000 Net income $1,080,000 The CEO would like to see higher sales and a forecasted net income of $1,470,000. Assume that operating costs (excluding depreciation and amortizat 55% of sales and that depreciation and amortization and interest expenses will increase by 13%. The tax rate, which is 25%, will remain the same. (N while the tax rate remains constant, the taxes paid will change.) What level of sales would generate $1,470,000 in net income? Round your answer to nearest dollar, if necessary. $