Molteni Motors Inc. recently reported $$5\mathrm{.}25$ million of net income. Its EBIT was $$8$ million, and its tax rate was $30\%.$ What was its interest expense? $($Hint: Write out the headings for an income statement and then fill in the known values. Then divide $$5\mathrm{.}25$ million net income by $1-T=0\mathrm{.}7$ to find the pre$-$tax income. The difference between EBIT and taxable income must be the interest expense.$)$ Enter your answer in dollars. For example, an answer of $$1\mathrm{.}2$ million should be entered as $1,200,000.$ Round your answer to the nearest dollar.

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$696000$