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Last year, Stumble-on-Inn, Inc., reported an ROE of 20 percent. The firms debt ratio was 59 percent, sales were $35 million, and the capital intensity

Last year, Stumble-on-Inn, Inc., reported an ROE of 20 percent. The firms debt ratio was 59 percent, sales were $35 million, and the capital intensity was 1.20 times.

Calculate the net income for Stumble-on-Inn last year. (Do not round intermediate calculations. Enter your answer in dollars not in millions.)

Net income $

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