Saved Help Save & Exit Check my TOM AND SUE TRAVELS, INC. Income Statement for Year Ending December 31, 2021 (in millions of dollars) Net sales $19.400 Less: Cost of goods sold 8.900 Gross profits $10.500 Less: Other operating expenses 4.100 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 6.400 Less: Depreciation 3.700 Earnings before interest and taxes (EBIT) $ 2.700 Less: Interest 0.835 Earnings before taxes (EBT) $ 1.865 Less: Taxes 0.392 Net income $ 1.473 The CEO of Tom and Sue's wants the company to earn a net income of $3.150 million in 2022. Cost of goods sold is expected to be 50 percent of net sales, depreciation and other operating expenses are not expected to change, interest expense is expected to increase to $1.301 million, and the firm's tax rate will be 21 percent. Calculate the net sales needed to produce net income of $3.150 million. (Enter your answer in millions of dollars rounded to 3 decimal places.)