A firm has net sales of $14,500,000. Cost of Goods Sold $8,000,000, Depreciation Expense of $1,000,000, Selling and Administrative Expenses of $2,350,000, Interest Expense of $500,000, and an average tax rate of 25%. Calculate the firm's Net Income 1,100,000 O 1,125,000 O 1250 1,987,500 4,500,000