New Mexico Lumber Recently Reported That Its Earnings Per Share

New Mexico Lumber recently reported that its earnings per share were $3.00. The company has 400,000 shares of stock outstanding. The company's interest expense was $500,000. The corporate tax rate is 40 percent. What was the company's operating income (EBIT) ?

A) $ 980,000
B) $1,220,000
C) $2,000,000
D) $2,500,000
E) $3,500,000