Here are financial statements for a firm (in millions of dollars):

The firm has a required return of 10 percent for operations. Calculate residual operating income for 2012 and 2011 using beginning-of-year balance sheet numbers. Then calculate abnormal operating income growth (in dollars) for 2012.

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Income Statement 2012 2,700 Balance Sheet, End of Year 2011 2,300 2011 2010 Operating income Interest expense Net income Net operating assets Financing debt Common equity 20,000 10,000 10,000 18,500 6,250 12,250 1,900 1,800