Conners Inc. invests in a new factory that will generate the following income from the products it will generate: Product Revenues $400,000 Less Operating Expenses: Salaries 100,000 Maintenance 48,000 Depreciation 62,500 Insurance 40,000 250,500 Net Operating Income 149,500 Less Taxes 44,850 Net Income 104,650 The new factory investment assumptions are as follows: Equp Purchase Price $625,000 Salvage Value 0 Life (years) 10 Tax rate 30% Required Rate of Return 15% What is the investment's residual income (round to nearest dollar)