Kernel Industries has two sources of funds: long-term debt with a market and book value of $5 million issued at an interest rate of 12%, and equity capital that has a market value of $4 million (book value of $2 million). Kernel Industries has profit centers in the following locations with the following operating incomes, total assets, and current liabilities. The cost of equity capital is 12%, while the tax rate is 25%. Operating Income Assets Current Liabilities St. Augustine $ 480,000 $ 2.000.000 $ 100.000 Austin $600.000 $ 4,000,000 $ 300,000 New Orleans $1,020,000 $6.000.000 $600.000 What is the After Tax Operating Income for Austin? O $120,000 O $360,000 $450,000 O $765,000