An investor is considering starting a new business. The company would require $$650,000$ of average total assets, and it would be financed entirely with common stock. The investor will go forward only if she thinks the firm can provide a $24\mathrm{.}0\%$ return on the invested capital, which means that the firm must have an ROE of $24\mathrm{.}0\%.$ How much net income must be expected to warrant starting the business?