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Ebersoll Mining has $8 million in sales, its ROE is 12%, and its total assets turnover is 2.5x. Common equity on the firms balance sheet

Ebersoll Mining has $8 million in sales, its ROE is 12%, and its total assets turnover is 2.5x. Common equity on the firms balance sheet is 65% of its total assets. What is its net income? Write out your answer completely.

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