Excel Services Corporation has $$1,500,000$ in debt outstanding. The company's before$-$tax cost of debt is $10$ percent. Sales for the year totaled $$3,500,000$ and variable costs were $60$ percent of sales. Net income was equal to $$600,000$ and the company's tax rate was $40$ percent. If PQR$\text{'}$s degree of total leverage is equal to $1\mathrm{.}40,$ estimate the new EBIT if sales will increase by $20\%($all other things remain the same or constant$)?$ Use $4$ decimal places$4788$