Jefferson Memorial Hospital is an investment center as adivision of Hospitals United. During the past year, Jeffersonreported an after-tax income of $7 million. Total interest expensewas $3,200,000, and the hospital tax rate was 30%. Total assetstotaled $70 million, and non-interest-bearing current liabilitieswere $22,800,000. The required rate of return established byJefferson is equal to 18% of invested capital. The invested capital is