Intel Corporation is analyzing its CSR initiatives' impact on its financial statements. The company has provided the following data for the year ending December 31, 2023:

• Net income before CSR initiatives: $8,000,000
• CSR initiatives expense: $1,200,000
• Sales revenue: $40,000,000
• Total expenses (excluding CSR initiatives): $30,800,000

Calculate the net income after CSR initiatives and the net profit margin ratio for Intel Corporation for the year ending December 31, 2023.