Jefferson Memorial Hospital is an investment center as a division of Hospitals United. During the past year, Jefferson reported an after-tax income of $6.8 million. Total interest expense was $3,000,000, and the hospital tax rate was 30%. Total assets totaled $70.5 million, and non-interest-bearing current liabilities were $22,300,000. The required rate of return established by Jefferson is equal to 17% of invested capital.

What is the residual income of Jefferson Memorial Hospital? Enter your answer in whole dollar.

$fill in the blank 1