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Calculate net income given the following information: shares outstanding = 1,250,000; stock price = $35/share; PE ratio = 12.50.$2,500,000 a. $2,500,000 b. $2,750,000 c. $3,000,000

Calculate net income given the following information: shares outstanding = 1,250,000; stock price = $35/share; PE ratio = 12.50.$2,500,000

a. $2,500,000

b. $2,750,000

c. $3,000,000

d. $3,250,000

e. $3,500,000

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