Molteni motors inc. recently reported $3.25 million of net income. its ebit was $6.25 million, and its tax rate was 35%. what was its interest expense? (hint: write out the headings for an income statement and then fill in the known values. then divide $3.25 million net income by 1 − t = 0.65 to find the pre-tax income. the difference between ebit and taxable income must be the interest expense.) enter your answer in dollars. for example, an answer of $1.2 million should be entered as 1,200,000. round your answer to the nearest dollar.