Barbell Company reported net operating income or earnings before interests and taxes (NOI or

EBIT) equal to $2,200,000 this year. Examination of the companys balance sheet and income statement shows that the tax rate was 39 percent, the depreciation expense was $160,000, $440,000 was invested in assets during the year, and invested capital currently is $9,400,000. If Barbell average after-tax cost of funds is 11 percent, what is the firms EVA?