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5. Problem 4.08 (DUPONT and Net Income) eBook Problem Walk-Through Precious Metal Mining has $16 million in sales, its ROE is 17%, and its total

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5. Problem 4.08 (DUPONT and Net Income) eBook Problem Walk-Through Precious Metal Mining has $16 million in sales, its ROE is 17%, and its total assets turnover is 3.2x. Common equity on the firm's balance sheet is 50% of its total assets. What is its net Income? Do not round Intermediate calculations. Round your answer to the nearest cent

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