DuPont Analysis Last year, PJ's Ice Cream Parlors, Inc. reported an ROE = 12.7%. The firm's debt ratio was 43%, sales were $42 million, and the capital intensity ratio was .92 times. What is the net income for PJ's last year? (Do not round intermediate steps.)

$2.80 m

$38.64 m

$5.33 m

$4.91 m