Consider the transfer pricing problem on Slide $23$

Political and market situations have changed.

Now US corporate tax rate is $19\mathrm{.}0\%$ and German tax rate is $27\mathrm{.}5\%.$

Cost of goods sold for Granado USA is now $$1,150,000$ and the product is

sold by Granado Germany for $$2,650,000.$

Operating expenses are now $$135,000$ for each of the subsidiaries.

Suppose the markup for Granado USA is $65\mathrm{.}0\%.$

What is the consolidated net income for the Granado corporation?