$($Related to Checkpoint $4\mathrm{.}3)($Analyzing Profitability$)$ In $2016,$ the Allen Corporation had sales of $$64$ million, total assets of $$50$ million, and total liabilities of $$20$ million. The interest rate on the company's debt is $6\mathrm{.}2$ percent, and its tax rate is $35$ percent. The operating profit margin is $11$ percent.

a$.$ Compute the firm's $2016$ net operating income and net income.

b$.$ Calculate the firm's operating return on assets and return on equity. $($Hint: You can assume that interest must be paid on all of the firm's liabilities.$)$

a$.$ Compute the firm's $2016$ net operating income and net income.

The firm's $2016$ net operating income is $$7\mathrm{.}04$ million. $($Round to two decimal places.$)$

The firm's $2016$ net income is $ million. $($Round to two decimal places.$)$