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(2-3) Molteni Motors Inc. recently reported $3.25 million of net income. Its EBIT was $8 million, and its tax rate was 35%. What was its

(2-3) Molteni Motors Inc. recently reported $3.25 million of net income. Its EBIT was $8 million, and its tax rate was 35%. What was its interest expense? Round your answer to the nearest dollar. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000.

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