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Last year, Stumble-on-Inn, inc., reported an ROE of 20 percent. The firm's debt ratio was 61 percent, sales were $20 million, and the capital intensity

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Last year, Stumble-on-Inn, inc., reported an ROE of 20 percent. The firm's debt ratio was 61 percent, sales were $20 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.)

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