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Preclous Metat Mining has $13 malion in sales, its ROE is 16%, and its total assets turnover is 3.2, Common equity en the firm's balance

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Preclous Metat Mining has $13 malion in sales, its ROE is 16%, and its total assets turnover is 3.2, Common equity en the firm's balance sheet is 40% if its total assets. What is its net incame? Do not round intermedste calculations. Round your answer to the nearest cent

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