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Problem 4.08 (DUPONT and Net Income) Question 14 of 20 Check My Work (3 remaining) D eBook Problem Walk-Through Precious Metal Mining has $10 million

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Problem 4.08 (DUPONT and Net Income) Question 14 of 20 Check My Work (3 remaining) D eBook Problem Walk-Through Precious Metal Mining has $10 million in sales, its ROE is 17%, and its total assets turnover is 4x, Common equity on the firm's balance sheet is 50% of its total assets. What is its net income? Do not round Intermediate calculations. Round your answer to the nearest cent $

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