#9

The manager of Synergy Company's Stock Division projects the following for next year:

Sales	$221,870
Operating income	82,672
Operating assets	385,373

The manager can invest in an additional project that would require $58,427 investment in additional assets and would generate $9,772 of additional income. The company's minimum rate of return is $6%. What is the residual income for the Stock Division with the additional project.

Do not round your intermediate calculations!!!