32. The Western Division of Lance Company reported the following results from the past year. Shareholders require a return of 7%, while the weighted-cost-of-capital is 6%. Lance's corporate tax rate is 30%.

Sales	$ 700,000
Operating income	$175,000
Total assets	$1,500,000
Current liabilities	600,000

What is the Western Division's Economic Value Added (EVA)?

Group of answer choices

$68,500

$112,000

$59,500

$121,000