The CEO has decided that she wants the firm to have a net income of $500,000 this coming year and has asked your boss to tell her the sales level necessary to achieve this. Unfortunately, your boss did not pay attention in FIN 3312 and has no clue how to do this. But he did send you some numbers he got from someone-interest expense will be $120,000 and depreciation will be $175,000. You did some quick research and figured out that your operating costs run 30% of sales and your tax rate is 22%. So, what is your best estimate of the sales level necessary to reach the CEO's goal? $1,337,179 $3,120,085 $8,559,091 $3,668,182