$5 million issued at an Waldorf Company has two sources of funds: long-term debt with a market and book value interest rate of 12%, and equity capital that has a market value of $4 million (book value of $2 million). Waldorf Company has profit centers in the following locations with the following operating incomes, total assets, and current liabilities. The cost of equity capital is 12%, while the tax rate is 25%. Waldorf has two operating divisions, the East division and the West division, with the following financial measures for the current year. Operating Incomea $1,080,000 $1,020,000- Total Assetsa CurrentLiabilitiesa $400,000 $600,000- $6,000,000 $6,000,000 East Divisiona West Division What is the Economic Value Added (EVA) for the West Division? $225,000 $765,000 $207,180 $557,820