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8. Problem 4.08 (DUPONT and Net Income) eBook B Problem Walk-Through Precious Metal Mining has $7 million in sales, its ROE is 17%, and its

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8. Problem 4.08 (DUPONT and Net Income) eBook B Problem Walk-Through Precious Metal Mining has $7 million in sales, its ROE is 17%, and its total assets turnover is 2.5x. 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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