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Riley Retailing Inc. has sales of $12,000,000; the firm's cost of goods sold is $7,500,000; and its total operating expenses are $1,800,000. The firm's interest

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Riley Retailing Inc. has sales of $12,000,000; the firm's cost of goods sold is $7,500,000; and its total operating expenses are $1,800,000. The firm's interest expense is $750,000, and the corporate tax rate is 40%. What is Riley Retailing's net income

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