Lakeside Hospital is a division of Superior Healthcare, that is organized as an investment center. In the past year, the hospital reported an after-tax income of $3,550,000. Total interest expense was $1,600,000, and the hospital's tax rate was 35 percent. Hospital assets totaled $34,200,000, and noninterestbearing current liabilities were $11,300,000. Superior has established a required rate of return equal to 17 percent of invested capital.
Calculate the residual income/EVA of Lakeside hospital