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What would the net income be in the following scenario? I have tried for 4 hrs to get it correct and am at wits end. GenMet incurred manufacturing costs during fiscal 2008 totaling $2,752. Finished goods inventory increased 82.2. Sales revenue was $6,700.2, selling and administrative expenses were $2,903.7, and interest expense was $151.9. The income tax rate is 35%. Compute GenMet's net income for fiscal 2008. Round your calculations and answer to one decimal place.
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