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An investor is considering starting a new business. The company would require $608,000 of assets, and it would be financed entirely with common stock. The

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An investor is considering starting a new business. The company would require $608,000 of assets, and it would be financed entirely with common stock. The investor will go forward only if they think the firm can provide a 16.2% return on the invested capital, which means that the firm must have an ROE of 16.2%. How much net income must be expected to warrant starting the business? Answer to the nearest dollar (i.e. no decimal places) Your

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