For $2022$ Northwood reported $$10$ million in operating income $($EBIT$).$ Its depreciation expense was $$2$ million, its interest expense was $$2$ million, and its corporate tax rate was $25\%.$ At year$-$end, it had $$28$ million in operating current assets, So million in accounts payable, $$2$ million in accruals, $$4$ million in notes payable, and $$30$ million in net plant and equipment. Assume Northwood has no excess cash. Northwood uses only debt and common equity to fund its operations. $($In other words, Northwood has no preferred stock on its balance sheet.$)$ Northwood had no other current liabilities. Assume that Northwood only noncash item was depreciation.Based on this information answer the following questions:$1.$ What was the company's net income?