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Last year, Stumble-on-Inn, Inc., reported an ROE of 19 percent

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Last year, Stumble-on-Inn, Inc., reported an ROE of 19 percent. The
firm’s debt ratio was 60 percent, sales were $34 million, and the capital intensity was 1.30 times.

Calculate the net income for Stumble- on-Inn last year. (Do not round intermediate calculations. Enter your answer in dollars not in millions.)

Net income $……..?

 
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