Assume that your firm has a profit margin of 3.0%, total asset turnover of 6.0x, return on equity (ROE) of 25.20 percent, and total debt of $2,000,000. Given this information, determine the firm's net income (HINT: first determine the firm's equity multiplier, then the amount of equity the firm has, and then the net income). $2,520,000 $2,100,000 $1,260,000 $1,680,000 $2,940,000