Back to Assignment Anempts 0 Keep the righest 0/1 15. Problem 5.15 Income Statement) beck Problem Walk Through Edmonds Industries is forecasting the following income statement: Sales $9,000,000 Operating costs excluding depreciation amortization 4,950,000 EBITDA $4,050,000 Depreciation and amortization 810,000 EBIT $3,240,000 Interest 540,000 EST $2,700,000 Taxes (40) 1,000,000 Nat income $1,620,000 The CEO would like to see higher sales and a forecasted net income of $3,240,000. Assume that operating couts (excluding depreciation and amortization) are of sales and that depreciation and amortization and interest expenses will increase by . The tax rate, which is 10%, will remain the same. (Note that while the tax rate remains constant, the taxes paid will change.) What level of sales would generate $3,240,000 in net income Round your answer to the nearest dollar, if necessary Grade it Now Save & Continue Continue without saving